Answer and Explanation:
The computation of the direct labor efficiency variance is shown below;
= Standard Rate × (Standard Hours - Actual Hours)
= $22.50 × (4,760 Units × 2 hours per unit - 8,900)
= $13,950 Favourable
Hence, the direct labor efficiency variance is $13,950 favorable
We simply applied the above formula so that the correct amount could come
Asset debits are recorded in the left debits column.
Coca Cola? I might be wrong but I'm pretty sure
Answer:
The correct answer is E
Explanation:
M1, M2 and M3 are the terms which measure the money supply of United States, referred to as money aggregates.
The formula for computing the M1 is as:
M1 = coins as well as currency in circulation + checkable or demand deposit + traveler checks
where
Currency in circulation is $20 million
Demand deposit is as:
= Required reserve × Actual reserve
= 10 × $10 million
= $100 million
Putting the values above:
M1 = $20 million + $100 million
M1 = $120 million
