Answer:
PACED stands for Problem, Alternatives, Criteria, Evaluation, Decision
Explanation:
Answer:
a) <u>Direct labor rate variance </u>
=5000*(22.75-24)
=-$6250 Favorable
<u>Direct labor time variance</u>
=24*(5000-800*6)
=$4800 Unfavorable
<u>Total Direct labor cost variance</u>
=(5000*22.75)-(800*6*24)
=-$1450 Favorable
b) Direct labor debited to Work in process
=800*6*24
=115200
Answer:
B) antitrust laws
Explanation:
Antitrust laws refer to the laws with respect to the competition and it is established by the U.S government. The motive of this to secure the consumers from that business practices who are dealing in predatory and if this law does not exist then the consumers would not gain i.e from the competition arise in the market place
Therefore according to the given situation, when the government passes the law against so this reflect the antitrust laws
Answer:
Explanation:
The proper adjusting entry is as follows
Supplies expense A/c Dr $603
To Supplies A/c $603
(Being supplies account is adjusted)
The supplies expense is computed by
= Supplies account balance - supplies on hand at the end of the year
= $873 - $270
= $603
Basically we debited the supplies expense account and credited the supplies account so that the proper posting could be done.
