Organizational Behavior
Organizational Behavior
OER 2019 Edition
ISBN: 9781947172715
Author: OpenStax
Publisher: OpenStax College
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Chapter 8.2, Problem 1CC

What are the techniques and scales used in performance appraisals?

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Answer: The direct labor rate variance is calculated as: A) (Standard rate - Actual rate) × Actual hours workedB) (Actual rate - Standard rate) × Actual hours workedC) (Standard rate - Actual rate) × Standard hours workedD) (Actual rate - Standard rate) × Standard hours worked
Can you explain the correct methodology to solve this general accounting problem?
During the month of July, Nora Tech Manufacturing used $40,500 of direct materials and incurred $52,300 of direct labor costs. Nova Tech applied overhead to products in the amount of$25,700. If the cost of goods manufactured was $155,000 and the ending work in process inventory was $28,400, what was the beginning work in process   inventory?
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