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Question - The following labor standards have been established for a particular product:
Standard labor-hours per unit of output 9.9 hours
Standard labor rate $13.70 per hour
The following data pertain to operations concerning the product for the last month:
Actual hours worked 7,700 hours
Actual total labor cost $102,410
Actual output 1,000 units
Required - What is the labor efficiency variance for the month?
____ 1. Managerial accounting information is "restricted" by which of the following authorities/limitations?
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Schuss Inc. issued $3,000,000 of 10%, 10-year convertible bonds on June 1, 2010, at 98 plus accrued interest. The bonds were dated April 1, 2010, with interest payable April 1 and October 1. Bond discount is amortized semiannually on a straight-li..
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