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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
1.What is a Statement of Cash Flows? How does it differ from an Income Statement? 2.What unique information does the Statement of Cash Flows deliver to investors? Why do they care?
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what is irrelevant cost and give example
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West Industries is a highly decentralized corporation with independent operating divisions. Each division is evaluated and rewarded based on its total net income. One of the divisi
Denair Fine Wines, Inc., is planning to bring out a higher-quality wine product than any currently available in Stanislaus county. They've decided on selling the blended, fortified
Most of David's clients are local. However, a few of his clients require out of town travel. He incurred $2,500 of airfare, $1,570 in lodging and $1,313 in meals relating to the bu
on june 2005 20 units of the product in stock the following is extracted from the companys books direct material-200 per unit,direct labour 150 per unit, variable production overhe
The following information has been prepared for XYZ Ltd by their assistant accountant. The risk free rate of interest on government securities in 2008 is 7.3% Required:
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