what are the possible causes of adverse Wage rate varianc

Q: Ma1. The state imposes a progressive tax of 1.5% in order to achieve justice as much as possible…

A: The state imposes a progressive tax of 1.5% in order to achieve justice as much as possible among…

Q: Sales reports showing variances from budget are provided to all sales staff

A: Please fallow the answer below ? The correct option is A Sales reports showing variances from budget…

Q: Lily Corporation issued 5,400 shares of stock. Prepare the entry for the issuance under the…

A: S.No.      Particulars.           Debit($)     Credit($) A).           Cash.…

Q: Given the following information, determine the activity rate for setups. Budgeted Activity Activity…

A: Activity-based costing is used to allocate overhead expenses on the basis of activity. Other than…

Q: QUESTION 33 A company has an unfavorable direct labor rate variance and a favorable direct labor…

A: Answer:-  Variance:- Variance is basically the difference between what a company planned to spend on…

Q: The bookkeeper for Packard's Country Music Bar left this incomplete balance sheet. Packard's working…

A: The accounting equation states that assets equal to sum of liabilities and equity. The working…

Q: On January 1, 2024, the Mason Manufacturing Company began construction of a building to be used as…

A: Borrowing costs are the cost that is incurred with respect to the borrowing of funds i.e, interest…

Q: The following condensed information was reported by Peabody Toys, Inc., for 2021 and 2020: ($ in…

A: Ratio analysis is technic of data interpretation. Given ratios are financial ratios based on…

Q: Treehouse Inc. issued $800,000 of 5%, 10-year bonds when the market rate was 4%. They received…

A: Bonds are the securities issued by the entity for the purpose of raising funds from the market. It…

Q: Department S had no work in process at the beginning of the period. It added 13,000 units of direct…

A: Solution..       Conversion costs includes direct labor and the factory overhead costs .

Q: Following is the income statement for Lowe’s Companies Inc. LOWE’S COMPANIES INC.   Consolidated…

A: The term "net operating profit after tax" (NOPAT) refers to the amount of cash that a business may…

Q: 1. Georgiou operates a marginal costing system. The business makes three different types of felt…

A: Sales volume variance = (Actual volume - Budgeted Volume) * Budgeted price Sales Price variance=…

Q: Beginning Inventory, June 1 Purchase, June 8 Purchase, June 19 Inventory, June 31 Units 580 265 890…

A: Since you have asked for 1 and 2, we are solving the same for you.   LIFO and average method are the…

Q: Determine the average rate of return for a project that is estimated to yield total income of…

A: Solution ..     Average investment  = (Cost + residual value ) / 2  = ($511,000 + $51,000) / 2  =…

Q: What are two types of primary data?

A: The data or information generated by a person by conducting surveys, research and experiments is…

Q: A lender whose mortgagor has defaulted may be offered a deed in lieu of foreclosure. If he accepts,…

A: The correct answer is: (B) The lender will take title subject to any junior Liens. A deed in lieu of…

Q: Using the following information: 1. The bank statement balance is $2,803. 2. The cash account…

A: Introduction:- Bank reconciliation is a process to match the cash account of a company with the bank…

Q: Creative Solutions Company, a computer consulting firm, has decided to write off the $15,220 balance…

A: Under the direct method of accounts receivable, bad debt expense is recorded immediately when the…

Q: Gunnar Company gathered the following reconciling information in preparing its September bank…

A: Bank reconciliation Statement is prepared by the companyso as to find the difference in the cash…

Q: he following information on selected cash transactions for 2021 has been provided by Ehrlich…

A:

Q: th, who is single (age 28) and has no dependents, had activity for 2021 as foll ry $ 85,000 dends…

A: taxable incomes: 1. salary of $85,000 taxable as per regular income tax bracket. 2. dividends…

Q: Dividends per share Windborn Company has 10,000 shares of cumulative preferred 1% stock, $50 par and…

A: Preference shares, also known as preferred stock, is an exclusive share option which enables…

Q: Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income…

A: Break-even point (BEP): Breakeven is the point where total expenses are equal to total revenue. at…

Q: Piedmont Company segments its business into two regions-North and South. The company prepared the…

A: Contribution Margin Ratio :— It is calculated by dividing total contribution margin by total sales…

Q: Total direct materials (assuming no beginning or ending inventory of material) of materials A and B…

A: The business organization may construct a direct materials purchase budget so as to estimate the…

Q: Premier Candle Company manufactures candles. The standard direct materials quantity required to…

A: The variance is the difference between the actual data and standard output of the production. The…

Q: Journalize the following merchandise transactions: (If an amount box does not require an entry,…

A: Journal Entry: Journal entry is the act of keeping records of transactions in an accounting journal.…

Q: Duku Sdn Bhd is a single-product entity, and provides the summary data shown below relating to its…

A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

Q: FAR corporation issued shares at a single price for P520,000. 10,000 shares of its P5 par value…

A: Solution:- Calculation of the proceeds that would be allocated to the ordinary shares as follows…

Q: Kaumajet Factory produces two products: table lamps and desk lamps. It has two separate departments:…

A: Allocated factory overhead is the amount of overhead which is allocated to the units produced or…

Q: Waterway, Inc. buys 1,000 video game CDs from a distributor who is discontinuing those games. The…

A: Cost per unit is to be allocated as per selling price ratio.

Q: A company reports the following: Cost of merchandise sold $1,861,500 Average merchandise inventory…

A: analysing of the ratio is considered to be very important part both in finance and an accounts…

Q: 4) Montrose Corporation is classified as a personal holding company. It is almost year-end. The…

A: The personal holding company tax is 20 percent of the corporation's undistributed personal holding…

Q: Data for adjusting journal entries on December 31: Amortization for 2018, $3. Supplies of $2 were…

A: Adjusting journal entries are the entries which are made at the end of the period to adjust all the…

Q: At the beginning of current year, BFAR Company was organized and authorized to issue 100,00 shares…

A: STATEMENT OF SHAREHOLDERS EQUITY   Statement of Shareholders Equity is also Known as Changes in…

Q: You purchase a riding lawnmower for $1484, including sales tax. You pay 15% dow and agree to pay the…

A: From the given information, Purchase Price = $ 1484  Downpayment = 15 % of 1484 = $ 222.6  Finance…

Q: BFAR Corporation issued 20,000 ordinary shares receiving land that costs P200,000 and has a fair…

A: Legal capital is that amount of equity that cannot legally be allowed to leave the business; it…

Q: In Hal's business, the "Kd" is...(circle all that apply): (a) Hal's cost of debt; (b) is the…

A: The cost of debt - which is used as Kd - is the interest rate paid by the company on the loans or…

Q: Information pertaining to short term investments in 2016 by Walters Corporation follows: quired 15%…

A: Journal - Journal entries are written down in a journal or book of original entry before being…

Q: On the first day of the fiscal year, a company issues $32,000, 11%, five-year installment notes that…

A: Journal Entry :— It is an act of recording transaction in books of account when transaction…

Q: DeeGee Ltd. acquired a Patent on April 1, 2020 for $650,000. DeeGee can only provide evidence of…

A: Required 1 of 2   As it is evident from the question that Patent will have clearly identifiable cash…

Q: Required: Prepare a schedule to reconcile net income to net cash flows from operating activities.…

A: Cash flow statement is a statement of cash inflow and outflow for a particular period of a company.…

Q: The accounts shown below appear in the December 31, 2022 trial balance of BFAR Corporation:…

A: The question has asked to compute the total contributed capital of BFAR Corporation.   The…

Q: Walsh Company manufactures and sells one product. The following information pertains to each of the…

A: The variable manufacturing costs are included in the product cost under variable costing. The fixed…

Q: Billy Bob Sanders is a solf-employed management consultant. He reports on the cash basis for tax…

A: Meal Expenses are 50% deductible Hotel Expenses are fully qualified for deduction Season Tickets…

Q: Accounts Receivable Analysis A company reports the following: Sales $275,940 Average accounts…

A: The accounts receivables turnover ratio tells about the efficiency of the business to convert its…

Q: Compute the DuPont Disaggregation of ROE Refer to the balance sheets and income statement below for…

A: DuPont is an analysis tool used to disaggregate or decompose the different factors of return on…

Q: Toni's marginal federal tax rate in 29% She lives in a province where her provincial marginal tax…

A: The dividend gross up rate is 38% for the eligible dividend receipts. And eligible dividend are…

Q: Comparative financial statements for Weller Corporation, a merchandising company, for the year…

A: Financial ratios are the type of calculation that shows the relationship between the numerical…

Q: Compute Net Operating Assets Refer to the balance sheet information below for Home Depot. $…

A: The assets of a firm that contribute to the generation of revenue are referred to as the company's…