Russell and sons, a cpa firm, established the following standard labor cost data for completing what the firm referred to as a class 2 tax return. russell expected each class 2 return to require 4.0 hours of labor at a cost of $30 per hour. the firm actually completed 600 returns. actual labor hours averaged 3.6 hours per return and actual labor cost amounted to $34.50 per hour.
required: (a) determine the total labor variance and indicate whether it is favorable (f) or unfavorable (u).
(b) determine the labor price variance and indicate whether it is favorable (f) or unfavorable (u).
(c) determine the labor usage variance and indicate whether it is favorable (f) or unfavorable (u).

Xyz corporation has provided the following data concerning manufacturing overhead for july: actual manufacturing overhead incurred $ 69,000 manufacturing overhead applied to work in process $ 79,000 the company's cost of goods sold was $243,000 prior to closing out its manufacturing overhead account. the company closes out its manufacturing overhead account to cost of goods sold. which of the following statements is true? multiple choice manufacturing overhead was overapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $253,000 manufacturing overhead was underapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $233,000 manufacturing overhead was underapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $253,000 manufacturing overhead was overapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $233,000

Bcorporation, a merchandising company, reported the following results for october: sales $ 490,000 cost of goods sold (all variable) $ 169,700 total variable selling expense $ 24,200 total fixed selling expense $ 21,700 total variable administrative expense $ 13,200 total fixed administrative expense $ 33,600 the contribution margin for october is:

Describe a real or made-up but possible example of a situation where an employee faces a conflict of interest. explain at least two things the company could do to make sure the employee won't be tempted into unethical behavior by that conflict of interest. (3.0 points)