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The standards for product Q58W specify 8.4 direct labor-hours per unit at $14.00 per direct labor-hour. Last month 400 units of product Q58W were produced using 2,800 direct labor-hours at a total direct labor wage cost of $41,020.
Required:
a. What was the labor rate variance for the month?
b. What was the labor efficiency variance for the month?
c. Prepare a journal entry to record direct labor costs during the month, including the direct labor variances.
Woodrow`s legal fees were $4,900 and Eileen`s were $6,200. Determine all of the tax effects to Woodrow and Eileen.
Describe the relationship between the labor efficiency variance and the variable overhead efficiency variance.
The balance sheet tells me about the cash the company's got; the cash flow statement tells me about its changes in cash.
determine the net incomefrom the given data.variable and absorption costing unit product costs and income statement
Engleheart Co. provides the following information about its postretirement benefit plan for the year 2012. Compute postretirement benefit expense for 2012.
How much of the $1,000,000 notes payable should be classified as current in Reeds balance sheet at December, 2007 and Computation of par value of stock after split off
The Bodner Corporation sold a machine with a cost of $10,000 and accumulated depreciation of $6,000 for a selling price of (a) $7,000; (b) $2,000. How would this transaction be handled on the statement of cash flows?
Before considering the above dividends, Sonoma has taxable income of $550,000. Compute Sonoma's allowable dividends-received deduction and final taxable income?
Evaluate Bugaboo's plant-wide factory overhead rate for May. Determine May's product cost for each type of cookie.
Accounts payable has debit postings of $17,000, credit postings of $14,000, and a normal ending balance of $6,000, what was its beginning balance?
Gladstone Company tracks the number of units purchased and sold all through each accounting period but applies its inventory costing method at the end of each period, as if it uses a periodic inventory system.
Budgeting involves computation of budgeted purchase - Given the above information, what will be the budgeted purchases for July? Round your answer to the nearest whole dollar.
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