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Williams Corporation reports the following direct labor information for November:
Standard rate $31.00per hour
Actual rate paid $31.80per hour
Standard hours allowed for actual production 44,200 hours
Labor efficiency variance $195,300F
Required:
Question 1: Based on these data, what was the number of actual hours worked and what was the labor price variance? (Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option.)
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Write a brief explanation approximately two paragraphs that Smith might deliver to management to justify the use of ABC for these two products and compute the cost of each product under the simple/traditional costing method. For period costs, use ..
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Adria Lopez expects second quarter 2014 sales of her new line of computer furniture to be the same as the first quarters sales (reported below) without any changes in strategy.
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There were no units in beginning or ending work in process inventory. How many units were completed and transferred to finished goods inventory during the month?
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