The following information describes a company's usage of direct labor in a recent period. The direct labor efficiency variance is: Actual hours used Actual rate per hour Standard rate per hour Standard hours for units produced 45,000 $ 15.00 $ 14.00 47,000

Q: Use EMBG's adjusted trial balance to prepare EMBG's balance sheet for the current year-end. EMBG…

A: Definition: Balance sheet: To Know the financial position of the business balance sheet is prepared.…

Q: why are all the answerer are wrong please help

A: Inventory valuation method includes: First-in, first-out (FIFO) Last-in, first-out (LIFO) Weighted…

Q: If the company sells produces and sells 3,000 baskets how much operating income will they make A)…

A: Direct material rate per unit = $16,000/2000 = $8 per unit Direct Labour rate per unit =…

Q: Direct materials and conversion equivalent units of production for August . Direct materials and…

A: Solution:-                               Morning Brew Coffee Company…

Q: Use EMBG's adjusted trial balance to prepare the company's income statement. EMBG CORPORATION…

A: As posted multiple independent questions we are answering only first question kindly repost the…

Q: How do I solve these?

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: Student ID Day 63638034 Monday 23957096 Thursday 28080825 Monday Exam Score 61 70 1. How many…

A: =COUNTIF is used to count the cells satisfying the given criteria in the given range.

Q: Hello, I would need guidance with A-F, if possible.

A: Manufacturing overhead: It is the indirect cost incurred as a part of manufacturing the products.…

Q: Are these written in your own words?

A: Yes the answer is writtern in own words. Please find a alternate answer below

Q: How to solve this problem? How does the answer look all solved? I am struggling to answering this…

A: Multi-step income statement: It is the presentation of a normal income statement in a more detailed…

Q: John wishes to borrow 20,000. Lender X and Y offer the following terms: (1) Lender X will be repaid…

A: Present value:Present value is popularly known in short as PV. It is a concept of accounting that…

Q: Thank you so much this is very clea

A: Introduction:- A cash flow statement denotes total amount cash is inflows and cash outflows your…

Q: can you be more clear of what the answer is? thanks

A: Given: Beginning of the Year Common Stock = $8 Additional Paid in Surplus = $138 End of the Year…

Q: Hi, can you help me with this, is hard to understand. Thank you.

A: 1. Allowance for doubtful debt - Allowance for doubtful debt is the account that a company creates…

Q: When preparing a report form of a Balance Sheet for a merchandising business, assume that the…

A: Hey, since there are multiple questions posted, we will answer first question. If you want any…

Q: Uncollectible Accounts-Percentage of Sales and Percentage of Recelvab At the end of the current…

A: We shall answer the first question since the exact one was not specified. Please resubmit a new…

Q: can you help with the t account

A: The question is asking about T accounts. Please refer attached image in step 2 and 3 for T account…

Q: Could you please help with part c now?

A: Quantitative Easing  (QE): It is a form of monetary policy. Under quantitative easing , the central…

Q: I need help trying to figure out where these go.

A: Petty Cash is the small sum of money maintained by the organisation seperate from Cash to meet small…

Q: 35. If the company produces and sells 2,000 baskets how much will their cost of goods sold be?…

A: Workings: Calculation of variable cost per unit: Total baskets produced = 2000 direct materials cost…

Q: help me with the last

A: In market leader in the product States something regarding the competitions and make a different…

Q: 1. Calculate the amounts to be reported on each employee's Wage and Tax Statement (Form W-2) for…

A:

Q: Please tell answer as soon as possible

A: The closing entries refer to the journal entries passed at the end of the reporting period to…

Q: Please help me with this I'm lost.

A: Comment- Multiple Questions Asked. Utilization Rate- It refers to the performance pointer which is…

Q: 1. Complete the Adjustments columns using the following year-end adjustments information. a./b.…

A: Solution: Adjusting Entries are the journal entries that are made at the end of a given accounting…

Variance Analysis

In layman's terms, variance analysis is an analysis of a difference between planned and actual behavior. Variance analysis is mainly used by the companies to maintain a control over a business. After analyzing differences, companies find the reasons for the variance so that the necessary steps should be taken to correct that variance. 

Standard Costing

The standard cost system is the expected cost per unit product manufactured and it helps in estimating the deviations and controlling them as well as fixing the selling price of the product. For example, it helps to plan the cost for the coming year on the various expenses.