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Question - The following data relate to direct labor costs for the current period:
Standard costs 6,800 hours @ $11.10
Actual costs 6,400 hours @ $10.80
Required - What is the direct labor rate variance?
a. $6,360 unfavorable
b. $1,920 favorable
c. $6,360 favorable
d. $4,440 favorable
On March 1, KB Shop had $450,000 of inventory at cost. In the first quarter of the year, it purchased $1,590,000 of merchandise, returned $23,100.
Calculate the total variance, the flexible budget variance and the production volume variance for total manufacturing overhead
Kramer Company values its inventory by using the retail method(LIFO basis, stable prices). At what amount would Kramer Company report its ending inventory
The employee has $99 in federal income taxes withheld. What is the amount of this employee's gross pay for the first week of January
New bonds will net the company $966 in proceeds. Determine the appropriate after-tax cost of debt for the firm to use in its capital budgeting analysis
What steps to take to record the journal entries for actual variable overhead and actual fixed overhead? Are T-accounts required in this case?
titania co. sells 400000 of 12 bonds on june 1 2012. the bonds pay interest on december 1 and june 1. the due date of
Harna, Inc. uses a job order cost system. During the year the company decreased Manufacturing Overhead by $400,000. Which of the following most likely should be recorded at the same time?
What is the amount of liability at the end of the lease term for the lessee if the actual fair value of the leased asset at the end of the lease term is 60,000
Identify and explain the four special journals discussed in the chapter. List an advantage of using each of these journals rather than using only a general journal.
Prepare an amortization schedule that describes the pattern of interest expense over the lease term for Red Baron Flying Club.
pine company produced 128000 units in 60000 direct labor hours. production for the period was estimated at 132000 units
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