Question 1:

What is the difference between a cost center and a profit center? complete an answer that demonstrates what critical element distinguishes the profit center from the cost center.

Question 5:

Annapolis Company completes job #601 which has a standard of 550 labor hours at a standard rate of $18.80 per hour.The job was completed in 540 hours and the average actual labor rate was $18.20 per hour.What is the labor rate variance?A negative number indicates an favorable variance and a positive number indicates an unfavorable variance.