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Question - Use this information for Flapjack Corporation to answer the question that follows. Flapjack Corporation had 7,600 actual direct labor hours at an actual rate of $12.10 per hour. Original production had been budgeted for 1,100 units, but only 950 units were actually produced. Labor standards were 7.0 hours per completed unit at a standard rate of $12.75 per hour. Determine the direct labor time variance?
a. $4,940.00 unfavorable
b. $4,940.00 favorable
c. $12,112.50 unfavorable
d. $12,112.50 favorable
If Brodie failed to separately record the interest at acquisition, explain the errors that would occur in the company's financial statements
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Using the weighted-average cost flow method, what are the equivalent units to be used in the calculation of costs for October?
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