A company reports the following information for its direct labor. Actual hours of direct labor used Actual rate of direct labor per hour Standard rate of direct labor per hour Standard houra of direct labor for units produced 65,000 $ 15 $ 14 66,400 AH = Actual Hours SH = Standard Hours AR = Actual Rate SR = Standard Rate Compute the direct labor rate and efficiency variances and identify each as favorable or unfavorable.

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A:

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A: Contribution margin per unit  = Selling price per unit  - Variable Cost per unit

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A: A financial statement means such a statement that provides information on financial records. the…

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A: The carrying amount of the note on initial recognition is equivalent to the cash price of inventory.…

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A: Cash flow forecast is a prediction of movement of cash for a future accounting period.

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Q: Donahue Oil has an account titled Oil and Gas Properties. Donahue paid $6,700,000 for oil reserves…

A: Depreciation , amortization , depletion all means the fall in value of assets due to one reason or…

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A: Partnership refers to the form of business under which two or more persons are ready to run the…

Q: The separation pay received by John is considered as:

A: Separation pay is the amount of money which is received from the employer by the employee when the…

Q: If treasury shares are subsequently retired and the cost of the treasury shares exceeds the par…

A: Solution: When treasury shares subsequently retired where cost exceeds par value, then difference is…

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A: When there lies a deficit in the retained earnings on the balance sheet of a company then quasi…

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A: Capital gain is the profit arising on account of transactions related to capital assets including…

Q: 4. Accounts receivable turnover fill in the blank 4 5. Number of days' sales in receivables fill in…

A: Solution:- 4) calculation of accounts receivables turnover ratio as follows under;- definition:-…

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A: Working capital is the difference between a bank's assets (cash, accounts receivable/unpaid customer…

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A: Adjusting entries are the journal entries should be recorded to rectify the balances in the…

Q: Find a company that committed a change of accounting principle/estimation or error

A:

Q: The total cash receipts have to be put in the final part?

A: The cash receipts means the amount of money received either through cash mode or bank.

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A: Ordinary shares refers to those shares which are available on the public exchange for the sale. It…

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A: Lets understand the basics. Cashflow statement is divided into three parts which are, (1) Cashflow…

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A: Introduction: In its most basic form, non-financial performance metrics give information on a…

Q: What does 2/10 mean in accounting?

A: Accounting is the method of recording financial transactions in a business. Accounting is the…

Q: What is the principle under the Corporation Law that allows the court to identify the erring…

A: Corporation means a large company and group of companies authorized to act as a single entity.

Q: When the equity shares are issued for noncash consideration, the share capital is recorded at an…

A: Solution:  When the equity shares are issued for noncash consideration, following are priority to…

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A: In case of a company, the risk for fraud means the chance of committing willful attempt to defraud…

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A: Static budget is a fixed budget which is not change with the level of production. It remains same as…

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Q: PROBLEM 14–25 Net Present Value Analysis of a Lease or Buy Decision LÔ14- The Riteway Ad Agency…

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A: Worksheet is a 10 column sheet which helps users in preparation of financial statements for the…

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A: The correct answer for the above mentioned question is given in the following steps for your…