Answer:
A. $520 U
B.178 F
Explanation:
A.
Materials price variance = (AQ × AP) – (AQ × SP)
= $48,880 – (2,600 × $19)
=$48,880-$49,400
= $520 U
Therefore the material price variance for the month is $520U
B.
Materials quantity variance = SP(AQ – SQ*)=
$19 ($2,500 – $2,322) = $178F
Therefore the materials quantity variance for the month $178F
SQ = Standard quantity per unit × Actual output
= 8.6 × 270 = $2,322
Answer:
Letter C is correct. <u>The Theory X style of management.</u>
Explanation:
The most suitable alternative is the letter C.<u> </u>The Theory X style of management.
Theory X can be defined as one of the currents of thought proposed by Douglas Mcgregor in 1960, and refers to assumptions about the behavior of employees in the workplace, this means that management must be developed from the actions and behaviors of employees , from there different styles of planning, controlling, organizing and dividing tasks will emerge.
In administration based on theory X, the individual is considered self-centered, without ambitions and needs supervision to exercise self-discipline and self-control. Economic benefits must be offered as a form of incentive and punishment.
According to theory X, employees avoid responsibility, so there must be economic incentives for them to be more ambitious and productive.
Answer: Pharaohs journal $
Date
December 31, 2017
StaffBonusexpensesDr384,900
Accruede liability Cr384,900
Narration. Staff bonus due as at date.
February 15,2018
Accrued liability Dr 384, 900
Bank Cr. 384,900
Narration. Payment of staff bonus due
Explanation:
In line with the acrual concept of recognising expenses at the period they are due for payment. The staff bonus will be recognized as an expense to the income statement in 2017 and accrued as liability in the balance sheet if it's not paid.
The payment in 2018 will be a debit to the liability account and credit to the cash or bank account.
<span>The probability of incurring bankruptcy increases as a firm's debt/equity ratio decreases.
FALSE</span>
