Chapter 18, Problem 30P

Please help me solve this financial accounting problem with the correct financial process.

The Frostline Corporation had 9,200 actual direct labor hours at an actual rate of $13.80 per hour. Original production had been budgeted for 1,500 units, but only 1,350 units were actually produced. Labor standards were 7.9 hours per completed unit at a standard rate of $15.50 per hour. Compute the direct labor cost variance.

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During August, Melody's Boutique spent $1,200 to buy 40 handcrafted jewelry boxes and sold 8 of them for $65 each. How much should Melody record as an expense for August? Options: A. $240 B. $350 C. $600 D. $450

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Please provide the answer to this financial accounting question using the right approach.

Assuming Dunley uses the straight-line depreciation method and the company sold the ban on July 1, 2019, for $30,000, determine the gain or loss on disposal.