Camden Products Inc manufacturers travel accessories. The company's controller has prepared the following static budget of one of the product lines for the month of November: Estimated production 1,000 units Direct labor per unit 12 minutes Direct labor required for estimated production 200 hours Average direct labor rate per hour $ 9 Estimated direct labor cost $1,800 Actual production during
November was 1,300 units and actual direct labor cost was $2,520. If Camden prepares a flexible budget for November, the projected direct labor cost would be:
A) $1,800
B) $2,520
C) $2,340
D) $1,938
C
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Indicate whether the statement is true or false.
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Speak Corporation, a calendar-year, cash-basis taxpayer, sells packages of foreign language lessons to individuals planning to work overseas. In December 2018, it sold and received payment for $600,000 of 24-month lesson packages to be provided evenly through 2019 and 2020. Speak Corporation will recognize the $600,000 of income
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