Answer:
$1,188 unfavorable
Explanation:
The computation of the total direct labor variance is shown below:
Total Labor Variance is
= Total standard cost - total actual cost
= (Standard hours × Standard rate) - (Actual hours × Actual rate)
= (980 units × 4.5 × $14) - ($62,928)
= 61,740 - $62,928
= $1,188 unfavorable
Since the actual cost is more than the standard cost which results into unfavorable variance
Answer:
b
Explanation:
by definition, disseminate means to distribute or broadcast information
Answer:
November 17
Trade Receivable-Thomas Company $56,250 (debit)
Revenue $56,250 (credit)
November 26
Cash $55,125 (debit)
Discount Allowed $1,125 (debit)
Trade Receivable-Thomas Company $56,250 (credit)
Explanation:
November 17
Recognize Revenue and Recognize an Asset : Trade Receivable
Trade Receivable-Thomas Company $56,250 (debit)
Revenue $56,250 (credit)
Revenue Calculation = 100 units × $760 × 75% = $56,250
November 26
The payment date is within the cash discount period in terms of credit sale. Hence Thomas Company is granted cash discount of 2% (2/10, n/30).
Cash $55,125 (debit)
Discount Allowed $1,125 (debit)
Trade Receivable-Thomas Company $56,250 (credit)
Cds are time deposits that you can close before the term ends but might pay early penalty for withdrawing early. Cds vary with the financial institution. I would say a savings account