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Case: Paul Sharma owns and operates Sales Consulting, an unincorporated consulting firm. The following information is based on December 31, 2017 year end ending balances for the firm. (All amounts are in 000's).
$ 1,860
3,340
1,705
4,800
10,600
900
1,500
80
120
480
3,755
6,890
600
Prepare the Income statement for Sales Consulting.
b) Prepare the Statement of owner's equity.
c) Prepare the Balance sheet.
Develop a formula for direct labor costs more appropriate to the actual cost behavior, then recalculate the variances for April, May, and June.
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