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:
Sole Proprietorship and Partnerships both have unlimited liability.
An advantage to Corporations as a business organization is that they enjoy unlimited life and limited liability.
Explanation:
A disadvantage of both sole proprietors and partnerships business is having unlimited liability because if the sole proprietors and partnership businesses loss, they have to pay the debt by selling their assets.
Corporations cannot be dissolved if any director or executive officer dies, and owners are liable up to that portion they have invested for the corporation.
Answer: $3,826
Explanation:
Discount received on terms 2/10 = (Purchase value – Cost of merchandise returned) x Discount Rate
= $4,000 - $300 x 2%
= $3,700 x 2%
= $74
if the company paid the invoice within the discount period, Then the total cost of this merchandise
Total cost of merchandise = Value of merchandise purchased– Cost of merchandise returned + Transportation Costs - Amount of discount received
= $4,000 - $300 + $200 - $74
= $3,826
Answer:it becomes a collumn
Explanation:
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