Question
6. The total direct labor variance of Company J for the month of October 2020 is $500 unfavorable. The direct labor efficiency variance is $800
6. The total direct labor variance of Company J for the month of October 2020 is $500 unfavorable. The direct labor efficiency variance is $800 favorable. How much is the standard direct labor rate per hour if the actual direct labor cost is $10,000 for 1,000 hours?
A) $11.30
B) $10.00
C) $9.50
D) $8.70
.
.
9. The sole proprietorship business of Individual M purchased a machinery amounting to $30,000. The machinery is expected to be useful for a period of 4 years and have a residual value of $5,000. Individual M uses the double-declining method in depreciating their fixed assets. How much would be the depreciation expense for year 3?
A) $3,750.00
B) $2,500.00
C) $7,500.00
D) $1,250.00
.
.
Show your calculations please.
I need answer with clear explanation then i will give you thumbs up in return. Direct answer will have thumbs down from me.
Please attempt these questions only when you know the solutions for sure. These are really important for me.
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