Answer:
Variable cost per unit= $1.4 per unit
Explanation:
Giving the following information:
Miles Driven Total Cost Miles Driven Total Cost
January: 8,000 $14,120
March: 8,550 $14,979
February: 7,490 $13,495
April: 8,195 $14,490
To calculate the variable cost under the high-low method, we need to use the following formula:
Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)
Variable cost per unit= (14,979 - 13,495) / (8,550 - 7,490)
Variable cost per unit= $1.4 per unit
Answer: See explanation
Explanation:
a. Debit: Raw material $12000
Credit: Account payable $11500
Credit: Material price variance $500
(To record material purchase)
b. Debit: Work in process 11600
Credit: Raw material 11200
Credit: Material price variance 400
(To record material issued)
Note:
Material price variance for (a)= 12000 - 11500 = 500
Work in progress = 5800 × 2 = 11600
Material price variance for (b) = 11600 - 11200 = 400
Answer:
6.12%
Explanation:
Calculation for How does our decision depend on the interest rate at which we can invest our funds
Present value = 6000-3060
Present value = 2940
Future value = Present value+Present Value*Numver of month* Rate of interest/ 100
3000 = 2940+2940*4/12*R/100
60 = 2940*4/12*R/100
60*12/4 = 2940*R/100
180 = 2940*R/100
180/2940 = R/100
0.061224 = R/100
Rate = 6.1224
Therefore How does our decision depend on the interest rate at which we can invest our funds is 6.1224
Answer:
Explanation:
A This scenario describes a payroll fraud ; This is a form of fraud where an employee or an employer manipulates the payroll system in order to fraudulently receive an un earned wages.
B The employees that Connie was paying to their account that she controls are called Ghost employees. These are fictitious person put on a payroll for fraud purposes.
C The fact that it took the company 5 years to discover the fraudulent practice indicates a weak internal control environment
D
- Some of the actions that the company failed to do are
- No proper authorization in place before employees are added to payroll
- No segregation of duties as Connies appears to have been the person that add employees to payroll , approve and also disburse salary
- There has been no headcount of employees for a long time
- The entire payroll system has not been audited and reviewed for a long time
Answer:
C. strategic vision.
Explanation:
Strategic vision -
It provides the overview about the success or failure in the coming future , is referred to as strategic vision.
This helps to forecast the future , goals and th upcoming projects of the company or organisation .
The strategic can be short as well as long term , depending on the time period of the project .
Hence , from the given information of the question,
The correct option is C. strategic vision .
