This topic contains a solution. Click here to go to the answer

Author Question: A favorable efficiency variance for direct manufacturing labor indicates that ________. (Read 80 times)

RRMR

  • Hero Member
  • *****
  • Posts: 557

Question 1

A company purchases $650,000 of materials on credit.  The standard cost for the materials is  $675,000.  Which of the following would be the correct journal entries to record the purchase under a standard costing system?





Question 2

A favorable efficiency variance for direct manufacturing labor indicates that ________.
◦ a lower wage rate than planned was paid for direct labor
◦ a higher wage rate than planned was paid for direct labor
◦ less direct manufacturing labor-hours were used during production than planned for actual output
◦ more direct manufacturing labor-hours were used during production than planned for actual output


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by RRMR on Mar 6, 2021

Leostella20

  • Sr. Member
  • ****
  • Posts: 337
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 25% of students answer this correctly




RRMR

  • Member
  • Posts: 557
Reply 2 on: Mar 6, 2021
Excellent


aliotak

  • Member
  • Posts: 326
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

Did you know?

The average office desk has 400 times more bacteria on it than a toilet.

Did you know?

Earwax has antimicrobial properties that reduce the viability of bacteria and fungus in the human ear.

For a complete list of videos, visit our video library