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A CPA firm estimates that an audit will require the following work:
Type of Auditor Expected Hours Cost per Hour Standard CostsManager 10 $50 $ 500Senior 20 40 800Staff 40 30 1,200Totals 70 $2,500The actual hours and costs were:Type of Auditor Actual Hours Actual Cost per Hour Actual CostsManager 9 $52 $ 468Senior 22 38 836Staff 44 30 1,320Totals 75 $2,624
Required: Calculate the direct labor, wage rate, and labor efficiency variances for each type of auditor and interpret
What is the major value of the weighted cost of capital calculation for the firm?
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responsibility of director of finance and logistics
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