Actual direct labor hours used (AH) 56,000 Actual direct labor rate per hour (AR) $ 15
Standard direct labor rate per hour (SR) $ 13
Standard direct labor hours for units produced (SH) 57,300
AH = Actual Hours
SH = Standard Hours
AR = Actual Rate
SR = Standard Rate
Compute the direct labor rate and efficiency variances for the period and classify each as favorable unfavorable or no variance.

Stock market crashes happen when the value of most of the stocks in the stock market increase at the same time. question 10 options: true false

At cooly cola, we are testing the appeal of our new diet one cola. in a taste test of 250 randomly chosen cola drinkers, 200 consumers preferred diet one cola to the leading brand. assuming that the sample were large enough, the large-sample 95% confidence interval for the population proportion of cola drinkers that prefer diet one cola would be:

Right medical introduced a new implant that carries a five-year warranty against manufacturer’s defects. based on industry experience with similar product introductions, warranty costs are expected to approximate 2% of sales. sales were $8 million and actual warranty expenditures were $42,750 for the first year of selling the product. what amount (if any) should right report as a liability at the end of the year?