Quantity Variance = 10‚500 plates – [2 plates x (1‚800 + 2‚400)] = 2x4200 x $2.50/plate = (10‚500 plates - 8‚400 plates) x $2.50/plate = 2‚100 plates x $2.50/plate Materials Quantity Variance = $5‚250 For labor cost in the lab: Compute a labor rate variance and a labor efficiency variance: Labor Rate Variance = actual hours worked x difference between actual cost per hour and standard cost per hour = 1‚150 hrs x ($14 - $12) = 1‚150 hrs x $2/hr Labor Rate Variance = $2‚300
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Case 5 - Exercise 2 Abernethy and Chapman Internal Control Evaluation Client: Prepared by: Date: Exhibit 5-2 is a portion of the audit program that Mitchell designed to test the operating efficiency of controls in the revenue and cash receipts cycle. For each individual test‚ indicate the anticipated results if the control procedure is working properly. Also‚ if the control is not functioning properly‚ list the potential problems that exist. Use the following format for your response: Step
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Psychodynamic‚ Humanistic‚ Trait and Social learning are the four main theories of personality that are commonly studied today. These four theories are mostly used in assessment tests that we use. As we know‚ a person’s personality is one of the main traits that separate us from one another. There are no two people with the same personalities in the world. Our experiences as we get older is said to continue to affect how our personalities evolve and change as the time goes by. The psychodynamic
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To: R.J. Falk‚ CEO of Ventura Electronics‚ Financial statement analysis is done by every successful corporation‚ as your team at Ventura Electronics very well knows. “Comparisons within a company are often useful to detect changes in financial relationships and significant trends” (Kimmel‚ Weygandt‚ and Keiso p. 653). Financial statement analysis is done by horizontal analysis‚ vertical analysis‚ and ratio analysis. “Horizontal analysis‚ also known as trend analysis‚ is a technique for evaluating
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Instructor Assignment # 1. 1. Alex Miller‚ Inc.‚ sells car batteries to service stations for an average of $30 each. The variable cost of each battery is $20 and monthly fixed manufacturing costs total $10‚000. Other monthly fixed costs of the company total $8‚000. Required: a. What is the breakeven point in batteries? b. What is the margin of safety‚ assuming sales total $60‚000?
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Cyber Law Text & Cases Quiz 2 1. Cyberlaw | both a and c | 2. The Internet | is a network of computer networks. | 3. The Internet began in | 1969. | 4. The history of the Internet shows that(Points : 1) | user policy expressly prohibited commercial applications. | 5. The World Wide Web was developed in: 1) | 1991. | 6. The World Wide Web began at | CERN. | 7. The World Wide Web was developed and
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Advances in Technology and Medicine Enable Consumers to make Healthy Choices Danjerell Burks HCS/490 April 15‚ 2015 Maryum Rasool Advances in Technology and Medicine Enable Consumers to make Healthy Choices Technology has come along and took the health care area by surprise and created more jobs and more opportunity for advancement and placement. With all the new apps that are now being downloaded on our smart phones and smart appliances is one of the major ways that consumers are taking their health
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Being on the road all the time‚ Coleman who was employed by Software Inc. sold security equipment to businesses and bars. During one sales trip stole a ring from the mall‚ killed Jimmy a bar customer‚ and damaged the bar; immediately getting fired. After being fired‚ he took the client that he was meeting at the bar to dinner to apologize on behalf of the company. Coleman then punched John in the eye after they got into an argument‚ resulting in severe eye damage to John’s eye. Jimmy’s mother (his
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• List and describe the security controls in place. Where are the weaknesses? I did not notice any securities in place. The article did mention a second layer or security that was not properly installed. The systems were out of date and TJX used an old Wired Equivalent Privacy (WEP) encryption system. Other companies made the switch to a Wi-Fi Protected Access (WAP) with more complex encryption. The article also states that they failed to install firewalls and data encryption on some of the
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Week 2: Week Two - Individual Work 2 Tina R. McGlory Everest University – MBA Program Abstract Instructional Objectives for this activity: Critique the elements responsible for differing moral standards of behavior from person to person | Business ethics are controversial given there are no universally accepted approaches for handling ethical issues when they arise. This assignment allows you to explore business ethics‚ right and wrong‚ and the conflict that may occur between your personal
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