Answer:
$1,188 unfavorable
Explanation:
The computation of the total direct labor variance is shown below:
Total Labor Variance is
= Total standard cost - total actual cost
= (Standard hours × Standard rate) - (Actual hours × Actual rate)
= (980 units × 4.5 × $14) - ($62,928)
= 61,740 - $62,928
= $1,188 unfavorable
Since the actual cost is more than the standard cost which results into unfavorable variance
Answer:
D : cost of goods sold
Explanation:
The plastic are used to build the milk jugs that are used to sell milk . So the cost of them is part of the goods sold since withouth the sell of the milk , the jugs won't exist
Answer:
Indicates how many times the receivables were converted into cash during the year.
Explanation:
Accounts receivables turnover ratio or Debtor Turnover Ratio(DTR) depicts the number of times a business's receivables are converted into cash within a period.
The ratio is computed as follows:
wherein, Average Accounts Receivables = 
wherein, Op. = Opening
Cl. = Closing
The ratio depicts how often a firm receives the money due from it's debtors during a period and represents how frequently debtors make payments, represented by average collection period which is computed as follows:
= 
Answer:
c.Scotty did not itemize deductions in 2018
Explanation:
Itemized deductions can be defined as a form of eligible expenses in which individual taxpayers can claim on federal income tax returns which will in turn reduce their taxable income, and this is said to be often claimable in place of a standard deduction, only in a situation where it is available which is why ITEMIZED DEDUCTIONS are expenses that are allowed by the IRS that can decrease your taxable income because when an individual itemize on his or her tax return, such individual can opt to pick and choose from the multitude of individual tax deductions out there instead of taking the flat-dollar standard deduction.
Therefore based on the Scotty scenario the statements that best explains why Scotty is not required to report the reimbursement in gross income is :Scotty did not itemize deductions in 2018
Answer:
Principal
Explanation:
A power of attorney (POA) is a legal document giving one person (the agent or attorney-in-fact) the power to act for another person (the principal).
