Sarmento Tax Services prepares tax returns for senior citizens. The standard in terms of (direct...
90.2K
Verified Solution
Link Copied!
Question
Accounting
Sarmento Tax Services prepares tax returns for senior citizens. The standard in terms of (direct labor) time spent on each return is 4 hours. The direct labor standard wage rate at the firm is $15.00 per hour. Last month, 1,980 direct labor hours were used to prepare 500 tax returns. Total wages totaled $30,690. Requirements 1 What is the actual (direct labor) wage rate per hour paid last month? 2.What is the direct labor rate variance? 3. What is the direct labor efficiency variance? 4. How might the direct labor rate variance for the firm last month be causing the direct labor efficiency variance
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
