Answer:
Direct labour rate variance
= (Standard rate - Actual rate) x Actual hours worked
= ($20 - $19.60) x 6,000 hours
= $2,400(F)
Actual rate = <u>Actual labour cost</u>
Actual hours worked
= <u>$117,600</u>
6,000 hours
= $19.60
Explanation:
Direct labour rate variance is the difference between standard rate and actual rate multiplied by actual direct labour hours worked. Actual rate is calculated as the ratio of actual labour cost and actual hours worked.
Answer:
Reasons for employing Exponential Smoothing
- It facilitates a more efficient process to develop inventory while putting into use of a properly standardized data set.
- It is quite easy to learn and further more applied in business and economics.
- It gives a greater chance of generating accurate forecasts.
- It provides significance to fresh/new observations.
Answer:
B. No, Yes
Explanation:
There are no indicators that the customer in Contract A has obtained control of the products; therefore, revenue should not yet be recognized for Contract A. The customer in Contract B has received legal title to the product, thus, the significant risks and rewards of ownership have transferred to the customer in Contract B. Contract B appears to be a bill-and-hold sale because the customer is not able to take delivery until their new stores are ready to receive the inventory and Festi has clearly set aside the product associated with Contract B.
Since Amber would like to interview an accountant that she is not familiar with to gain more information about what it is like working as one, it is better for her to send a letter that includes (D) a list of questions that she intends to ask in her interview.
This way, the accountant can know whether she or he can answer the questions that Amber wants the answers too and prepare any necessary information beforehand.
