If actual overhead is greater than applied overhead, the variance is called overapplied overhead
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False
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The standards for product A22G specify 8.2 direct labor-hours per unit at $11.90 per direct labor-hour. Last month 200 units of product A22G were produced using 1,700 direct labor-hours at a total direct labor wage cost of $20,060.Required:a. What was the labor rate variance for the month?b. What was the labor efficiency variance for the month?c. Prepare a journal entry to record direct labor costs during the month, including the direct labor variances.
What will be an ideal response?
WJ Group Inc., a large multinational conglomerate, had begun to experience declining revenues over the years. The top management at the headquarters of the company decided that it was important for the company to avoid deviating from its core competencies. Thus, a few of the company's key businesses like energy, telecommunications, and automobiles were centralized, giving the top management more control over them. Also, relatively newer businesses like beverages and food processing were divested. In this scenario, WJ Group is involved in
A. reverse engineering. B. benchmarking. C. crowdsourcing. D. restructuring.
When using SQL Server, developers place explicit locks
Indicate whether the statement is true or false
During the year, Walt travels from Seattle to Tokyo (Japan) on business. His time was spent as follows: 2 days travel (one day each way), 2 days business, and 2 days personal. His expenses for the trip were as follows (meals and lodging reflect only the business portion):
Air fare $3,000 Lodging 2,000 Meals and entertainment 1,000 Presuming no reimbursement, Walt's deductible expenses are: a. $3,500. b. $4,500. c. $5,500. d. $6,000. e. None of these.