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A CPA firm estimates that an audit will require the following work:
Type of Auditor Expected Hours Cost per Hour Standard CostsManager 10 $50 $ 500Senior 20 40 800Staff 40 30 1,200Totals 70 $2,500The actual hours and costs were:Type of Auditor Actual Hours Actual Cost per Hour Actual CostsManager 9 $52 $ 468Senior 22 38 836Staff 44 30 1,320Totals 75 $2,624
Required: Calculate the direct labor, wage rate, and labor efficiency variances for each type of auditor and interpret
(i) In terms of cashflow, which month will be the most costly for your project? (ii) If the 3rd and 4th months are more expensive by 25% each because the outsourced labour took
In the beach city of Santa Barbara, California, there are seven bathing suit stores, each with the same schedule of costs and each facing an identical demand curve. Swim N Style is
manufacturing costs will not include a. indirect material used b. sales salaries expense c. indirect labor costs d. depreciation of factory equipment
behabioural aspect of standard costing on budget
The follow data relates to year 20XX for Plano Manufacturing Company: Units produced - 2,000 Units sold - 1,800 Selling price - $200 / per unit Direct material costs - $80,000 Dire
worked examples of marginal and absorption cost
equity ratio?
Xander Harris is considering whether to buy a corn and soybean farm in Iowa. The farm will cost $800,000, and Xander will be able to pay this from profits his recently deceased mot
7.14
types of operating costing
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