Answer:
Labor Rate Variance:
= Actual direct labor hours × (per actual direct labor hour price - per Standard direct labor hour price)
= 368 × (16.50 - 15)
= $552 U
Labor Efficiency Variance:
= Per Standard direct labor hour price × (Actual direct labor hours - Standard direct labor hours)
= 15 × (368 - 400)
= $480 F
The journal entry to record labor variances is:
Work in process A/c Dr. $6000
Labor rate variance A/c Dr. $552
To Labor efficiency variance $480
To Payroll $6,072
(To record labor variances)
Answer
i and ii
Explanation:
they provide goods (i)
because they are small it can be personalised
Answer:
1) The cost of something is what you give up to get it
Explanation:
Manuel is giving up earning $ 12 in his job for an hour swimming. Where he also has to pay an entrance fee of $ 4 for the pool. The real cost to him for swimming an hour is: $16.
Answer and Explanation:
No. Account titles and explanation Debit Credit
(a) Cash $2,304
Service Charge Expense($2,400 * 4%) $96
Sales Revenue $2,400
No. Account titles and explanation Debit Credit
(b) Cash $57,024
Service Charge Expense($59,400 * 4%) $2,376
Accounts Receivable $59,400
Answer:
Company's stock price is $455 million
Explanation:
MVA = Market Value of Shares – Book Value of Shareholders’ Equity
$165 million = Market Value of Shares - 290 million
$165 million + 290 million = Market Value of Shares
Market Value of Shares = 455 million
Market Value of Shares = 455 million
Market Value of Shares = 455 million
Company's stock price = 455 million
