Advanced Accounting (Looseleaf)
Advanced Accounting (Looseleaf)
12th Edition
ISBN: 9780077632595
Author: Hoyle
Publisher: MCG
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Chapter 7, Problem 26P
To determine

Identify the worksheet entries which are required to consolidate these two companies for 2018 and find the net income attributable to the non-controlling interest for this year.

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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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