Question: Accurate Tax Returns budgets two direct labor hours for every tax return that it prepares, at a standard cost of $34 an hour. During the

Accurate Tax Returns budgets two direct labor hours for every tax return that it prepares, at a standard cost of $34 an hour. During the most recent year, 520 returns were completed.The actual labor cost was $34.62 per hour during that period. The actual number of labor hours was 1,200. What are the direct labor variances (all of them)?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

The parties relevant to an assurance engagement are: (a) Assurance practitioner, users, responsible party. (b) Assurance practitioner, responsible party, subject matter. (c) Assurance practitioner,...

Accurate Tax Returns budgets two direct labor hours for every tax return that it prepares, at a standard cost of $32 an hour. During the most recent year, 540 retums were completed with the labor...

36.Accurate Tax Returns budgets two direct labor hours for every tax return that it prepares, at a standard cost of $ 30 an hour. During the most recent year, 520 returns were completed with the...

Accurate Tax Returns budgets two direct labor hours for every tax return that it prepares, at a standard cost of $34 an hour. During the most recent year, 520 returns were completed with the labor...

Accurate Tax Returns budgets two direct labor hours for every tax return that it prepares, at a standard cost of $ 3 4 an hour. During the most recent year, 5 4 0 returns were completed with the...

Accurate Tax Returns budgets two direct labor hours for every tax return that it prepares, at a standard cost of $34 an hour. During the most recent year, 540 returns were completed with the labor...

Accurate Tax Returns budgets two direct labor hours for every tax return that it prepares, at a standard cost of $32 an hour. During the most recent year, 800 returns were completed with the labor...

Accurate Tax returns budgets two direct labor hours for every tax return that it prepares, at a standard cost of $32 an hour. During the most recent year, 550 returns were completed with the labor...

Accurate Tax Returns budgets two direct labor hours for every tax return that it prepares, at a standard cost of $30 an hour. During the most recent year, 540 returns were completed with the labor...

Calculate the Loyalty Discount % in cell F16. Notice that the discount rates depend both on the loyalty status of the customer (gold or silver) and the total price of the items purchased (cell F14)....

For each transaction, (1) Analyze the transaction using the accounting equation, (2) Record the transaction in journal entry form, (3) Post the entry using T-accounts to represent ledger accounts....

Determine the following limit . lim x 4 2 x 3 2 x 2 - 5 x 2 4 x 3 x 2 3 x 2 Select the correct choice below and, if necessary, fill in the answer box to complete your choice. A . lim x 4 2 x 3 2 x 2...

A. What is MRP and why you think it is important to use MRP effectively at Mc Donald's restaurants. B. There are many analytic related project management tools emerging to help mega (larger)...

The government is considering levying a tax of $60 per unit on suppliers of either concert tickets or bus passes. The supply curve for each of these two goods is identical, as you can see on each of...

What are the concentrations of Cu", NH3, and Cu(NH3),* at equilibrium when 18.8 g of Cu(NO3), is added to 1.0 L of a 0.800 M solution of aqueous ammonia? Assume that there is no volume change upon...

A simple AA spectrometer is used to analyze copper in water samples. The blank provides a reading of 94.6, a 0.200 ppm Cu(II) solution gives a reading of 53.8, a sample gives a reading of 46.4 and...

A pointer holds a memory address.

5. How can I help others in the network achieve their goals?

6. Bring to mind a situation where you had a strong sense of satisfaction with what you did. Immerse yourself in the situation. i. How do you feel? ii. What do you hear? iii. What do you see?

3. Imagine a real event that brought joy to your past. What images, sounds, emo-tions, smells and tastes appear? Try to imagine a movie clip of this incident, as it could unfold if the circumstances...