<span>Group Cohesion
This can be termed as a bond that pulls individuals toward enrollment in a specific gathering and opposes separation from that gathering.</span>
Answer and Explanation:
The Preparation of horizontal analysis for 2022 using 2021 as the base year is prepared with the help of a spreadsheet.
Horizontal analysis is a method for the analysis of financial statements that indicates fluctuations in the amount of the related products over a period of time. It is a valuable instrument for determining trend situations.
So, with the help of the spreadsheet, we will be able to find the net income by using the formulas.
Answer:
Direct labor time (efficiency) variance= $4,375 unfavorable
Explanation:
Giving the following information:
Standard
Direct labor...........................................1.4 hours at $12.50 per hour
Direct labor-hours worked: 5,600 hours for $67,200.
units produced= 3,750
To calculate the direct labor efficiency variance, we need to use the following formula:
Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate
standard quantity= 1.4*3,750= 5,250
Direct labor time (efficiency) variance= (5,250 - 5,600)*12.5
Direct labor time (efficiency) variance= $4,375 unfavorable
