Dezire Travel Services provided the following information:

Direct labor rate: $80 per hour
Predetermined allocation rate for indirect costs: $18 per direct labor hour

If Dezire records revenue of $1,600 for a job requiring 10 hours of direct labor, then Dezire will make a profit of $800.


FALSE

Business

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An organizational structure is important for all of the following reasons except:

A. ensuring proper accountability. B. creating clear lines of reporting. C. defining areas of authority. D. ensuring a proper commitment to controls.

Business

Fill in the missing figures below: Units produced 7,900 Standard hours per unit 5 hours Standard hours allowed (a) Standard rate per hour $12.00 Actual hours worked 39,900 Actual labor cost (b) Labor rate variance $5,985 favorable Labor efficiency variance (c)

Business

What skills are taught in team resource management training?

What will be an ideal response?

Business

The party who grants a license is known as the ________

A) licensee B) licensor C) grantee D) grantor

Business