Chapter 18, Problem 10P

Waverly Manufacturing Company had the following data for the period just ended: Cash sales, $45,000; credit sales, $378,000; sales discounts, $27,000; sales returns & allowances, $19,000; freight-in, $32,000; and freight-out, $21,000. The company would report net sales revenue on its income statement of $__.

Sequoia Resorts pays $780,000 plus $17,500 in closing costs to buy out a competitor. The real estate consists of land appraised at $95,000, a building appraised at $342,000, and recreational equipment appraised at $398,000. Compute the cost that should be allocated to the building.

Could you help me solve this financial accounting question using appropriate calculation technical.

Please explain this financial accounting problem by applying valid financial principles.

Can you show me the correct approach to solve this financial accounting problem using suitable standards?

Financial accounting

Given the solution and accounting question

Hillview Textiles produces custom woven rugs. It takes 3.5 hours of direct labor to produce a single rug. Hillview's standard labor cost is $16 per hour. During September, Hillview produced 12,600 units and used 45,800 hours of direct labor at a total cost of $721,200. What is Hillview's labor efficiency variance for September?

Please help me