Basix inc. calculates direct manufacturing labor variances and has the following information: actual hours worked: 200 standard hours: 250 actual rates per hour: $ 12 standard rate per hour: $ 10 given the information above, which of the following is correct regarding direct manufacturing labor variances?
a. the price and efficiency variances are favorable.
b. the price and efficiency variances are unfavorable.
c. the price variance is favorable, while the efficiency variance is unfavorable.
d. the price variance is unfavorable, while the efficiency variance is favorable.

Chance company had two operating divisions, one manufacturing farm equipment and the other office supplies. both divisions are considered separate components as defined by generally accepted accounting principles. the farm equipment component had been unprofitable, and on september 1, 2018, the company adopted a plan to sell the assets of the division. the actual sale was completed on december 15, 2018, at a price of $600,000. the book value of the division’s assets was $1,000,000, resulting in a before-tax loss of $400,000 on the sale. the division incurred a before-tax operating loss from operations of $130,000 from the beginning of the year through december 15. the income tax rate is 40%. chance’s after-tax income from its continuing operations is $350,000. required: prepare an income statement for 2018 beginning with income from continuing operations. include appropriate eps disclosures assuming that 100,000 shares of common stock were outstanding throughout the year. (amounts to be deducted should be indicated with a minus sign. round eps answers to 2 decimal places.)

The face of a company is often that of the lowest paid employees who meet the customers. select one: true false

Omnidata uses the annualized income method to determine its quarterly federal income tax payments. it had $100,000, $50,000, and $90,000 of taxable income for the first, second, and third quarters, respectively ($240,000 in total through the first three quarters). what is omnidata's annual estimated taxable income for purposes of calculating the third quarter estimated payment?