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guapka [62]
2 years ago
15

Zeke's Zipline Adventures sold a bus used in the business for $16,000. Zeke's original cost of the bus was $15,000 and the adjus

ted basis at the time of sale was $13,600. Zeke received $4,000 at the time of sale. He will receive $8,000 next year and the remaining $4,000 in the following year.
How much gain will Zeke recognize in the current year?
Business
1 answer:
elena55 [62]2 years ago
6 0

Answer:

sorry, i just want the points.

Explanation:

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Answer:

Direct labor time (efficiency) variance= $2,080 unfavorable

Explanation:

Giving the following information:

Standard= 3 hours of direct labor per unit

The standard labor cost is $13 per hour.

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<u>To calculate the direct labor efficiency variance, we need to use the following formula:</u>

Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate

Direct labor time (efficiency) variance= (3*9,000 - 27,160)*13

Direct labor time (efficiency) variance= $2,080 unfavorable

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AysviL [449]

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Ad libitum [116K]

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