Explanation:
when a payment is made the entries recorded are debit prepaid expenses
Answer:
Total Direct labor 59649.6
Explanation:
We have to multiply the production per month, by the amount of hourd it takes to do a single units, then we multiply by the rate per hour.
May 6,600 units x 0.51 DL x 8.6 rate = 28947.6 direct labor cost
June 7,000 units x 0.51 DL x 8.6 rate = 30,702
FInally, we add both values to get the total
Total Direct labor 59649.6
Answer:
b. the right to be informed
Explanation:
Consumerism is a movement that aims to protect consumer's interests. The movement promotes truthful packaging, fair trade practices, truthful product guarantees, truthful advertising etc. These attributes will enable consumers to make informed decisions before purchasing products. Based on the above, option b is the correct answer.
Answer:
Instructions are listed below.
Explanation:
Giving the following information:
The standard labor cost for a motor tune-up is given below:
Standard Hours= 2.5
Standard Rate= $33
Standard Cost Motor tune-up= 82.5
The shop supervisor recalls that 58 tune-ups were completed during the week, and the controller recalls the following variance data relating to tune-ups:
Labor rate variance $ 80 F
Labor spending variance $ 118 U
1) Direct labor efficiency variance= (SQ - AQ)*standard rate
Direct labor efficiency variance= (58*2.5 - actual quantity)*33
118= (145 - AQ)*33
118= 4,785 - 33AQ
-4,667= -33AQ
141.42= Actual Quantity
2) Direct labor price variance= (SR - AR)*AQ
80= (2.5 - Actual rate)*141.42
-273.55= -141.42AR
1.92= Actual rate
Answer:
Although appealing to more refined tastes, art as a collectible has not always performed so profitably. During 2003, Sotheby’s sold the Edgar Degas bronze sculpture Petite Danseuse de Quatorze Ans at auction for a price of $10,311,500. Unfortunately for the previous owner, he had purchased it in 1999 at a price of $12,377,500.
Explanation:
