StuckinMyHouse book company is a boutique shop that produces a small selection of adult coloring books. The first quarter 2020 Master Budget was based on selling 1,200 units, with a direct labor cost of $3,600. The company experienced an unexpected surge in purchases, actually selling 2,300 coloring books. It spent $6,640 on direct labor. The one employee earned $10 per hour, as expected. How much is the rate variance (aka efficiency variance) for direct labor? |
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StuckinMyHouse book company is a boutique shop that produces a small selection of adult coloring books....
( please answer all the questions) The Trolley Trolley Toy Company manufactures toy building block sets for children. Trolley Trolley is planning for 2019 2019 by developing a master budget by quarters. Trolley Trolley's balance sheet for December December 31 31, 2018 2018, follows: Trolley Toy Company Balance Sheet December 31, 2018 Assets Current Assets: Cash 58,000 Accounts Receivable 22,000 Raw Materials Inventory 1,200 5,400 Finished Goods Inventory Total Current Assets 86,600 Property, Plant, and Equipment Equipment 142,000 (47,000) 95,000...
Blues Traveler Company sells electric razors. The company’s home office is in Princeton, New Jersey. The company was founded in 2005 when John Popper invested $300,000 for 30,000 shares and Chan Kinchla invested $200,000 for 20,000 shares of common stock. The only other financing activities relate to a $500,000 bank loan from 1st National Bank that accrues interest at six percent per year payable on January 1 each year that has an unpaid balance of $400,000. The loan is due...