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Four Seasons Industries has established direct labor performance standards for its maintenance and repair shop. However, some of the labor records were destroyed during a recent fire. The actual hours worked during August were 2,500, and the total direct labor budget variance was $1,300 unfavorable. The standard labor rate was $16 per hour, but recent resignations allowed the firm to hire lower-paid replacement workers for some jobs, and this produced a favorable rate variance of $3,500 for August.Required:
a. Calculate the actual direct labor rate paid per hour during August.b. Calculate the dollar amount of the direct labor efficiency variance for August.c. Calculate the standard direct labor hours allowed for the actual level of activity during August.
The loader is predictable to have a four-year life and a $20,600 salvage value. Loader costs are recorded in Equipment account. Evaluate what is the journal Entry?
Outline the objectives of budgetary control and discuss how behavioral aspect can influence the outcome of the budgeting process.
Prepare a schedule of lease receipts for Cherry Ltd and the journal entries for the year ended 30 June 2011 and prepare a schedule of lease payments for Hazel Ltd and the journal entries for the year ended 30 June 2011.
What are the cost driver rates using account analysis? What are the estimated costs for a month assuming the following level of cost driver volumes?
Post the adjusting entries to the ledger accounts. Enter the totals from the trial balance as beginning account balances and place a check mark in the posting reference column.
the property owners provide the following datagold rush resorts and mountain hidewaybalance sheetsdecember 31
Tablet Tailors offers a second package (Tablet Bundle B) which includes a service plan for the tablet PC covering the 4-year contract period. That product bundle sells for $600. Tablet Tailors provides the tablet service as a separate product w..
Complete the chart by filling in the time required to proofread financial statements and what is the percentage of the cost of proofreading the 16th financial statement to the cost of proofreading the first financial statement?
Identify the major stakeholders. what are the consequences and If Wilkens Company was using the FIFO method of inventory costing, would Lenny Wilkens give the same order? Why or why not?
List the December 31st balances of assets, liabilities and owner's equity in tabular form - record the effects of each of the six transactions in the preceding tabular order.
Prepare an income statement and an owner's equity statement for the year. Plevin did not make any capital investments during the year and prepare a classified balance sheet at July 31.
Recording Journal Entries - prepare journal entries. Determine whether the accounting equation remains in balance and debits equal credits after each entry.
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