Answer:
b. $105.00
Explanation:
The computation of the activity rate under the activity-based costing system is shown below:
For Activity 3,
The activity rate is
= Estimated cost ÷ Estimated activity
= $52,500 ÷ 500
= $105
We simply divided the estimated cost by the estimated activity to get the activity rate
All other information which is given is not considered. Hence, ignored it
The answer is $91,500.
Working:
Total expenses per year = 18900+7650+1475+2350 = $30,375
Expenses less of grant per year = $30,375- 7500= $22,875 (this represents his annual expenditure on college with the grant)
To find out his expenditure for all four years of college = $22,875 x 4 = $91,500.
Answer:
A. Does a product's quality meet the business goal for quality.
Explanation:
Modern companies have internal quality control mechanisms integrated into their business processes. The goal of quality control is the ensure that all products meet the desired quality. The be competitive, the company's products must be of internationally accepted standards.
To determine if the product is effective, the company must test samples for quality. Through the quality manager, the company defines its quality goal, which every product must attain.
Answer:
Option B Change in accounting principle; retrospectively; required.
Explanation:
The reason is that the change is policies are considered in the international accounting standard IAS-8 Accounting policies, estimates and correction of errors. The standard says that the change in depreciation method is considered as a change in accounting policy which must be treated as retrospectively which means that the adjustments must be made to all the previous years using the same depreciation and must reflect the change in Changes in Wquity statement. This change in accounting policy as per the requirement s of the standard, must be disclosed in the notes to financial statements. Furthermore the changes in equity must only be opted if it increases the truth and fairness of the financial statement.
