Answer: Direct Labor Rate Variance
Explanation:
The difference between the actual labor rate and the standard labor rate, multiplied by the actual labor hours is referred to as the Direct Labor Rate Variance.
It should be noted that the labor rate variance in an organization is the responsibility of the human resource department.
Answer:
D) Debit Interest Expense 6,800
Explanation:
To calculate Daylight Donuts' accrued interest at maturity on March 1, 2022 we can use the following formula:
interest expense = amount note payable x interest rate x (months / 12)
interest expense = $170,000 x 8% x (6 / 12) = $170,000 x 8% x 0.5 =$6,800
There are a lot of thing recorded in a journal. A journal entry that debits raw materials and credits accounts payable is recording the purchase of materials.
<h3>What is the purchase of materials?</h3>
Purchasing of materials is known to be the act of buying or the procurement of materials under a certain price.
It is usually done by a specific department such as the purchase manager in large firms.
Learn more about A journal entry from
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By acquainting one with guidelines for ethical responsibility
Answer:
The expenses that went into research and development of a new doughnut flavor
Explanation:
A sunk cost is a cost that has already been incurred and cannot be recovered. It is money that has already been spent. Sunk costs are bygone and are not to be considered when deciding whether to continue an investment project.
The expenses that went into research and development of a new doughnut flavor is a sunk cost since the cost has been incurred already and cannot be recovered because it is not a relevant cost.
