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Assume Martin Guitar Company has a standard of 3 hours of direct labor per unit produced and $20 per hour for the labor rate. During last period, the company used 24,000 hours of direct labor at a $456,000 total cost to produce 6,000 units. Compute the direct labor rate and efficiency variances.
Rate Variance: $120,000 unfavorable; Efficiency Variance: $24,000 unfavorable. Rate Variance: $24,000 favorable; Efficiency Variance: $120,000 unfavorable. Rate Variance: $24,000 unfavorable; Efficiency Variance: $120,000 favorable. Rate Variance: $120,000 favorable; Efficiency Variance: $24,000 unfavorable. Rate Variance: $96,000 favorable; Efficiency Variance: $96,000 unfavorable.
What is the interest cost to be included in the current year's postretirement benefit expense?
Evergreen Corp. has two divisions, Fern and Bark. Fern produces a widget that Bark could use in the production of units that cost $175 in variable costs, plus the cost of the widget, to manufacture.
you have the following ledger balancescash 153700 debit balanceaccounts receivable 165500
susan works in a real estate office that is equipped with up-to-date copiers scanners and printers. she is frequently
in 20x0 abc company purchased machine for 300000 that had a useful life of 5 years with a salvage value of 50000 at the
A company purchased a $5,000, 25-year zero-coupon bond for $820 to yield 8.5% to maturity. How is the interest revenue computed?
Make the adjusting entry to accrue interest expense at December 31, 2012. Date the entry and include its explanation - post to the T-accounts of the two accounts affected by the adjustment.
Discuss how your understanding of the balance sheet and income statement may be applied to your current or future position.
On April 12, 2009, he files his state return for 2008 claiming a refund of $900. Ernest receives the refund on August 3, 2009. If Ernest itemizes deductions, how much may he claim as a deduction for state income taxes on his Federal return for cal..
corporate ethics and fraud have received much media attention through reporting of scandals at major corporations.
Why is the liability for warranties recognized when products are sold rather than when the warranty services are performed?
Using the FIFO assumption, calculate the amount charged to cost of goods sold for March. (Show computations), Using the LIFO assumption, calculate the value of ending inventory for March
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