Answer: Efficiency.
Explanation:
Efficiency is the ability to be highly productive with very little resources. When an individual/team is efficient there is little or no wastage of resources such as: time, money, manpower or raw materials.
Answer:
The answer is 12,000
Explanation:
Solution
Given that:
The labor rate variance = (SR-AR) * AH
Now,
(15-13.50) * AH = 18,000
so,
AH= 18000/1.50
Gives us,
=12,000
The total labor variance is = The standard labor cost - The actual labor costs.
= (10000* 15)- (12,000 * 13.50)
=150,000 -162,000
= 12,000 U
Therefore the total labor variance Claire Company is 12,000
Answer:
Interest Receivable (Dr.) $250
Interest Revenue (Cr.) $250
Explanation:
Notions Co. has borrowed money from Lemming and will have to pay cost for it which is a source of fund (revenue) for Lemming. According to the Accrual concept of accounting, revenue should be recognized when earned and not when cash is received. At year end, the interest revenue of two months has been accrued, so it needs to be recognized in the Books of Lemming.
⇒ 18,750 * 8% = 1,500 p.a.
OR Interest Revenue for two months = (1,500/12) * 2 = $250.
I believe that the strategy you are using when you only read the title, section headings, and captions is called the SQ3R reading method. The abbreviation stands for survey, question, read, recite, and review, and it helps you better understand your assignment.
