Answer:
b labor of the maintenance employees
c labor of the clerical staff
Explanation:
During the production or composition of finished goods, some form of labors are directly or indirectly involved in the manufacturing of such finished product. Where labor is not readily traced to the manufacturing of finished product, such is known as indirect labor.
On the other hand, labor that is directly involved in the composition of finished product is known as direct labor. Examples of indirect labor are ; wages of supervisors , clerical staff, general helpers , material handlers and maintenance workers.
Answer:
Explanation:
Situation Type Logic
During the audit, a customer with a large A/R balance at year end declares bankruptcy Type 1 Facts were available on balance sheet date
a lawsuit…...thereafter Type 1 Facts were available on balance sheet date
A flood damages….after year end Type 2 Facts were not available on balance sheet date
Conditions that….after the balance sheet date Type 2 Facts were not available on balance sheet date
Additional evidence….balance sheet date Type 1 Facts were available on balance sheet date
Answer:
$130 Favourable
Explanation:
Given the above information,
Standard hours = 2 × 4770 = 9,540
Actual hours = 8,940
Standard rate = $32.50
Then, Direct labor efficiency variance is computed as
= ( Standard hours allowed for production - Actual hours taken) × Standard rate per direct labor hour
= [(2 × 4,770) - 8,940] × $32.50
= [9,540 - 8,940] × $32.50
= 600 × $32.50
= $130 Favourable
Answer:
Q1 True
Q2 More volatile
Q3 Pherk, Airing, Goohoo, Shexxon
Explanation:
Q1 The reason is that the greater the number of stock in the portfolio the lower is the unsystematic risk associated with the investment because the investor receives an average portfolio of investment.
Q2 The greater are the number of the investments in different stocks the lower are the chances of vulnerability. This means that Portfolio A consist lower number of investments than portfolio B in different companies which means that the return on the portfolio A will be more volatile than portfolio B.
Q3 The investments in different industries is more diversified than the investment made in similar industry. The Pherk, Airing, Goohoo and Shexxon are four different industries which means that the investment in such companies is more diversified than other investments in similar industries.
