The two components of the direct labour flexible budget variance are the direct labour price variance and the direct labour quantity variance.
<h3>What is direct labour flexible budget?</h3>
To determine how many work hours will be required to create the items listed in the production budget, the direct labour budget is used. The overall number of hours required will be determined by a more intricate direct labour budget, which will also divide this data down by labour type.
Direct labour price variance - The cost of the discrepancy between the expected and actual labour rates is measured by direct labour rate variance. The variance will be deemed unfavourable if it shows that actual labour rates were higher than anticipated labour rates.
Direct labour quantity variance - The cost of the discrepancy between the anticipated number of labour hours needed for the operations and the actual number of labour hours needed for the operations is known as the direct labour efficiency variance.
The labour quantity variance is calculated as-
- The labour price variation is calculated by multiplying the actual hours worked by the actual paid rate, which is then subtracted from the standard budgeted rate.
- The standard rate is multiplied by the difference between the standard hours budgeted and the actual worked hours budgeted to determine the labour quantity variance.
To know more about the flexible-budget variance measures, here
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The process of linking relief and development is often a major deviation from the missions of both development and relief agencies.-----False
Linking relief and development:
The key to linking relief and development from the development side is to find ways of reducing (a) the frequency and intensity and (b) the impact of shocks, which will in turn reduce the need for emergency relief.
What is development and relief agencies?
IRD is a nonprofit, nongovernmental organization responsible for implementing relief and development programs worldwide. IRD's mission is to empower the world's most vulnerable communities to achieve self-sufficiency through innovative solutions, applied knowledge and targeted expertise.
Learn more about development and relief agencies:
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Your answer is d.should deduct toe outstanding fees from the refund expected.
Answer:
Flexible manufacturing systems (FMS)
Explanation:
FMS stands for the Flexible manufacturing systems, which is described as the method of production, which is designed in order to adapt the changes in the kind and the quantity of the product which is being manufactured.
The computerized systems and the machines could be configured to manufacture the variety of the parts and handle the production changing levels.
Therefore, the FMS is the one which is a single production system that combines the CIM (Computer Integrated Manufacturing) and the electronic machines.
Answer:
b. debit to Accounts Receivable and credit to Sales Discount Forfeited for $120
Explanation:
The last payment of $12,000 it's without discount because was not made within the 10 days, so it's necessary to Debit Cash by $12,000 and reverse the accrual for the remaining $120 discount offered not applied.
The it's necessary to record this entry:
b. debit to Accounts Receivable and credit to Sales Discount Forfeited for $120
