Answer:
Cutting Department:
Rate variance = 6380*(10.9-11) = -638 Favorable
Time variance = 11*(6380-25000*0.25) = 1430 Unfavorable
Total direct labor cost variance = (6380*10.9)-(25000*11*0.25) = 792 Unfavorable
Sewing Department:
Rate variance = 9875*(11.12-11) = 1185 Unfavorable
Time variance = 11*(9875-25000*0.4) = -1375 Favorable
Total direct labor cost variance =(9875*11.12)-(25000*11*0.4) = -190 Favorable
Answer:
$1,150
Explanation:
Domingo first has to pay the deductible ($500), then the copay ($50) and finally he must pay for 20% of the medical expenses resulting from the accident (= $3,000 x 20% = $600). So Domingo's total expenses will be = $500 + $50 + $600 = $1,150
The deductible is a fixed amount that needs to be paid by the insured before the insurance company starts to pay its share of medical bills.
The copay is a fixed amount paid for each health care service provided.
The 80/20 provisions means that the insured is responsible for paying 20% of the medical expenses.
Cost of good sold; average inventory
Answer:
summarizes and documents the firm's financial activities during the past year
Explanation:
A firm's annual report must include a comprehensive report about the firm's financial and operational activities throughout the year. The SEC requires public corporations to prepare and disclose quarterly reports (every 3 months) that are available to both stockholders and other people interested in them. Generally private companies are required to prepare at least one annual report.
