Question
Smart Accountants Inc. (SMI) planned on completing 600 tax returns for the month of February. The actual number of tax returns completed was 400 returns.
Smart Accountants Inc. (SMI) planned on completing 600 tax returns for the month of February. The actual number of tax returns completed was 400 returns. SMI budgeted for 2 hours per tax return, at a rate of $21 per hour. Actual hours worked were 1,000 hours, at a rate of $25 per hour. What is SMI's direct labour efficiency variance?:
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Digital Transformation In Accounting
Authors: Richard Busulwa, Nina Evans
1st Edition
0367362090, 9780367362096
