Water is life. We depend on it to keep us and the (1) ____healthy. Nonetheless, many people take water as a natural resource for granted. Today, the situation has changed. As the population of the world increases, and with it the demand for water, there is growing concern that our water supplies will not be as (2) ____ as we think. Eighty countries now have water shortages and 2 billion people lack access to clean water. One billion people lack enough water to simply meet their basic needs.While nearly 70 percent of the world is covered by water, only 2.5 percent of it is fresh. This tiny amount of fresh water available on the planet has remained fairly constant over time and is (3) ____unevenly around the world. The growth of the world population, therefore, (4) ____ competition for a clean supply of water every year. Worse still, humans are not efficient users. According to the United Nations, water use has grown at more than twice the (5) ____ of population increase in the last century. The reality is that an increasing number of regions are (6) ____ with water scarcity. By 2025, two-thirds of the world’s population may face water shortages.An adequate and (7) ____ water supply is essential to the future of every country. To increase and conserve supplies of fresh water, many countries have been working at technological (8) ____, one of which is in the process of desalination. New filtration systems have been developed to (9) ____ traditional heating methods. Thus the expected (10) ____ can be achieved: lower costs.A. abundant B. complicatedC. conflictD. confrontedE. distributeF. environment G. highlightH. innovationsI. intensifiedJ. outcome K. rateL. reliableM. replaceN. sourcesO. Subsequent
A factory consists of two production cost centres (G and H) and two service cost centres (J and K).The total overheads allocated and apportioned to each centre are as follows:GHJK$40,000 $50,000 $30,000 $18,000The work done by the service cost centres can be represented as follows:GHJKPercentage of service cost centre J to 30%70%--Percentage of service cost centre K to 50% 40% 10% -The company apportions service cost centre costs to production cost centres using a method that fully recognizes any work done by one service cost centre for another.What are the total overheads for production cost centre G after the reapportionment of all service cost centre costs?
A. $58,000
B. $58,540
C. $59,000
D. $59,540
A company uses absorption costing with a predetermined hourly overhead absorption rate. The following situations arose last month:(i) Actual hours worked exceeded planned hours.(ii) Actual overhead expenditure exceeded planned expenditure.Which of the following statements is correct?
A. Situation (i) would cause overheads to be over absorbed and situation (ii) would cause overheads to be under absorbed.
B. Situation (i) would cause overheads to be under absorbed and situation (ii) would cause overheads to be over absorbed.
C. Both situations would cause overheads to be over absorbed.
D. Both situations would cause overheads to be under absorbed.
A cost centre has an overhead absorption rate of $4.25 per machine hour, based on a budgeted activity level of 12,400 machine hours.In the period covered by the budget, actual machine hours worked were 2% more than the budgeted hours and the actual overhead expenditure incurred in the cost centre was $56,389.What was the total over or under absorption of overheads in the cost centre for the period?
A. $2,635 over absorbed
B. $2,635 under absorbed
C. $3,689 over absorbed
D. $3,689 under absorbed