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WITCHER [35]
2 years ago
8

True or false: The labor rate variance measures the productivity of direct labor. True false question. True False

Business
1 answer:
san4es73 [151]2 years ago
3 0

Answer:

<em><u>False </u></em>

Explanation:

<em>The </em><em>labor </em><em>rate</em><em> </em><em>variance</em><em> </em><em>reflects</em><em> </em><em>the </em><em>difference</em><em> between</em><em> the</em><em> </em><em>actual</em><em> and</em><em> </em><em>standard </em><em>direct</em><em> labor</em><em>.</em>

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survey

Explanation:

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Tweedie Company issues 11,500 shares of restricted stock to its CFO, Mary Tokar, on January 1, 2014. The stock has a fair value
DENIUS [597]

Answer:

The journal entries are as follows:

(a) (i) on January 1, 2014

Unearned compensation A/c Dr. $5,75,000

       To Common stock (11,500 × 10)                $115,000                              

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(ii) On December 31, 2015

compensation expenses A/c(575,000 × 1/5) Dr. $1,15,000

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(To record the restricted stock)

(b) On July 25, 2018,

common stock A/c Dr. $1,15,000

Paid-in Capital in Excess of Par - Common Stock A/c Dr. $4,60,000

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(To record the forfeiture)

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3 years ago
How do I start a plan
miskamm [114]

Answer:

plan

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3 years ago
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Alexis, a customer service supervisor at ABC Airlines, typically seeks the full participation of her team members when planning,
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consultation

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The Kollar Company has a defined benefit pension plan. Pensioninformation concerning the fiscal years 2013 and 2014 are presente
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Answer and Explanation:

The Kollar Company

1)

Pension Cost

Current Service Cost 5600,00,000.00 6100,00,000.00

Amortisation of Past ServiceCost ( One day Less Amortisation ignored) 600,00,000.00 600,00,000.00

Total Service Cost 6200,00,000.00 6700,00,000.00

Interest Cost 2600,00,000.00 3000,00,000.00

Expected Return on Plan Assets -1800,00,000.00 -2148,00,000.00

Amortisation of AOCI-Return on Plan assets -250,00,000.00 -200,00,000.00

Net Interest Cost 550,00,000.00 652,00,000.00

Net Pension Cost 6750,00,000.00 7352,00,000.00

Details Details 2013 2014

PBO

Opening Balance A 2,000.00 3,000.00

Add: Prior Service Cost B 600.00 0

Add: Interest (A+B*.10) 260.00 300.00

Less: Payment Of Benefit(Assumed to be atthe end of Year) -420.00 -490

Add: Current Service Cost 560.00 610

Closing Balance 3,000.00 3,420.00

Plan Assets

FV of Opeining Assets A 1,500.00 1790

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Opening Balance -250 -225

Less: Amortisation 25 25

Closing Balance

Difference Between Actual Return andExpected return (Y1-1500*.12-130) (Y2-1790*.12-180)

Opeing Balance 50

Loss On Actual Return 50 34.8

Less: Amortisation 50/10 -5

Closing Balance 50 79.8

Net -175 -120.2

Computation Of PensionCost

Current Service Cost 560 610

Amortisation of Past ServiceCost ( One day Less Amortisation ignored) 60 60

Total Service Cost 620 670

Interest Cost 260 300

Expected Return

on Plan Assets -180 -214.8

Amortisation of AOCI-

Return on Planassets -25 -20

Net Interest Cost 55 65.2

Net Pension Cost 675 735.2

2)

Date Account Head And Explaination

2013

Dr Current Service Cost 6100,00,000.00

Cr Defined Benefit Obligation 6100,00,000.00

Dr Past Service Cost 600,00,000.00

Cr AOCI-Past Service Cost 600,00,000.00

Dr Interest Expense 3000,00,000.00

Cr Defined Benefit Obligation 3000,00,000.00

Dr AOCI-Expected Return-Actual Return 500,00,000.00

Dr Plan Assets( Actual Return) 1300,00,000.00

Cr Expected Return( Pension Cost) 1800,00,000.00

Dr AOCI-Expected Return-Actual Return 250,00,000.00

Cr Interest Expense 250,00,000.00

2014

Dr Current Service Cost 5600,00,000.00

Cr Defined Benefit Obligation 5600,00,000.00

Dr Past Service Cost 600,00,000.00

Cr AOCI-Past Service Cost 600,00,000.00

Dr Interest Expense 2600,00,000.00

CrDefined Benefit Obligation 2600,00,000.00

Dr AOCI-Expected Return-Actual Return 348,00,000.00

Dr Plan Assets( Actual Return) 1800,00,000.00

Cr Expected Return( Pension Cost) 2148,00,000.00

Dr AOCI-Expected Return-Actual Return 250,00,000.00

Cr Interest Expense 250,00,000.00

Dr Interest Expense -50,00,000.00

Cr AOCI-Expected Return-Actual Return -50,00,000.00

3)

Date

2103

Dr AOCI-Expected Return-Actual Return 348,00,000.00

Dr Plan Assets( Actual Return) 1800,00,000.00

Cr Expected Return( Pension Cost) 2148,00,000.00

Dr AOCI-Past Service Cost 6000,00,000.00

Cr DBO 6000,00,000.00

4) 2103

Dr DBO 4200,00,000.00

Cr Plan Assets 4200,00,000.00

Dr Plan Assets 5800,00,000.00

Cr Cash 5800,00,000.00

2014

Dr DBO 4500,00,000.00

Cr Plan Assets 4500,00,000.00

Dr Plan Assets 6300,00,000.00

Cr Cash 6300,00,000.00

8 0
3 years ago
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