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Direct Labor VariancesPrimm Company produces a product that requires three standard hours per unit at a standard hourly rate of $20 per hour. If 2,500 units required 7,900 hours at an hourly rate of $21.50 per hour, what is the direct labor (a) rate variance, (b) time variance, and (c) cost variance? Use the minus sign to enter favorable variances as negative numbers.
a. Direct labor rate varianceb. Direct labor time variancec. Direct labor cost variance
The following is the unadjusted trial balance for James Trading Pty Ltd as at the close of the financial year ended 30 June 2011. In addition the following entries had not been applied to the general ledger.
reconciliation of absorption and variable costing net operating incomesjorgansen lighting inc. manufactures heavy-duty
Johnson & Johnson reported the following revenue and cost of goods sold information in its 10-K report for 2006, 2007, and 2008.
you are an accountant for the flower shoppe. your supervisor has asked you to help her prepare the year-end financial
Prepare journal entries to record the transactions affecting equity during the period, Prepare a statement showing the changes in retained earnings during the year
there are four methods of inventory costing lifo fifo direct cost and average cost. why do you believe we have four? do
select a major industrial or commercial company based in the united states and listed on one of the major stock
Compute the average cost per serving at each of the following monthly volumes: 1,500; 2,000; 3,000; and 5,000, and determine the monthly volume at which the average cost per serving is $1.00.
The balance sheet tells me about the cash the company's got; the cash flow statement tells me about its changes in cash. Who cares about the income statement?
1.the accounting equation is assets liabilities owners equity. provide me an example of a transaction that would
Compute Walmart inventory turnover and the average days to sell inventory for the fiscal year 2007. Compute value of the 2010 and 2011 inventories using the dollar value LIFO method.
chargeable hours are 40 per week with administrative time taken from family time. Compute the hourly rate to cover the cost of each financial adviser.
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