Entries by Munene david

Annapolis Company completes job #601 which has a standard of 640 labor

May 5, 2020 in /by

Annapolis Company completes job #601 which has a standard of 640 labor hours at a standard rate of $19.20 per hour. The job was completed in 520 hours and the average actual labor rate was $19.20 per hour. What is the labor rate variance? A negative number indicates an favorable variance and a positive number indicates an unfavorable […]

 

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Annapolis Company completes job #601 which has a standard of 630 labor

May 5, 2020 in /by

Annapolis Company completes job #601 which has a standard of 630 labor hours at a standard rate of $19.10 per hour. The job was completed in 540 hours and the average actual labor rate was $18.70 per hour. What is the labor efficiency (quantity) variance? A negative number indicates an favorable variance and a positive number indicates an […]

 

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Why would income statement results prepared and reported externally

May 5, 2020 in /by

Why would income statement results prepared and reported externally, following GAAP absorption costing, differ from income reported internally, in a variable/fixed contribution margin format?   Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code “Newclient”

 

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