Answer:
Total direct labour variance $
Standard direct labour cost (1.5 hours x $15 x 2,500) 56,250
Less: Actual direct labour cost <u>48,825</u>
Total direct labour variance <u>7,425(F)</u>
Explanation:
Total direct labour variance is the difference between standard direct labour cost and actual direct labour cost. Standard direct labour cost is a function of standard hours per unit, standard rate and actual output produced.
Answer: $54385 a year
Explanation: divide 1043 by 7 then multiply that by 365
Where is the list of perspectives to choose from?
Answer:
1 - Financing activity
2- Operating activity
3- Financing activity
4- Investing activity
5- Investing activity
Explanation:
Basically there are three types of activities:
1. Operating activities: It includes those transactions which affect the working capital, and it records transactions of cash receipts and cash payments.
2. Investing activities: It records those activities which include purchase and sale of the long term assets
3. Financing activities: It records those activities which affect the long term liability and shareholder equity balance.
So the categorization is shown below:
1. Issued $160,000 of bonds payable - cash flow from financing activity
2. Paid utilities expense - cash flow from operating activity
3. Issued 500 shares of preferred stock for $45,000 - cash flow from financing activity
4. Sold land and a building for $250,000 - cash flow from investing activity
5. Loaned $30,000 to Dead End Corporation, receiving Dead End’s 1-year, 12% note. - cash flow from investing activity
Answer:
C. Expenditures
Explanation:
Based on the information provided within the question it can be said that the Parks Department should use an expenditures account to record these billings. Expenditures refers to the action of spending funds to purchase goods or services on behalf of the company. Such purchases can include vehicle rentals like what was billed for the Parks Department.
