Bundle: College Accounting, Chapters 1-15, 22nd + Study Guide with Working Papers + CengageNOWv2™, 1 term Printed Access Card
22nd Edition
ISBN: 9781337379762
Author: James A. Heintz, Robert W. Parry
Publisher: Cengage Learning
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Chapter 1, Problem 4RQ
To determine
Discuss about Generally Accepted Accounting Principles (GAAP).
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Crish Industries makes heavy construction equipment. The standard for a particular crane calls for 24 direct labor-hours at $17 per direct labor-hour. During a recent period 2,250 cranes were made. The labor rate variance was zero and the labor efficiency variance was $7,300 unfavorable. How many actual direct labor-hours were worked?
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Bundle: College Accounting, Chapters 1-15, 22nd + Study Guide with Working Papers + CengageNOWv2™, 1 term Printed Access Card
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