In Rooney Company, direct labor is $17 per hour. The company expects to operate at 11,000 direct labor hours each month. In January 2017, direct labor totaling $224,300 is incurred in working 12,200 hours.

discuss the importance of the accounting concept, your solution, and how your arrived at your solution?????

Prepare a static budget report. ROONEY COMPANY Static Direct Labor Budget Report For the Month Ended January 31, 2017 Product Line Budget Actual Difference Direct Labor $ e Textbook and Media Prepare a flexible budget report. ROONEY COMPANY Flexible Direct Labor Budget Report For the Month Ended January 31, 2017 Product Line Budget Actual Difference Direct Labor $ $