Belle auto detailing reported the following results for the past week: actual number of cars detailed 250 actual direct labor hours used 625 actual total direct labor cost $6,500 budgeted number of cars to be detailed 300 standard direct labor cost per hour $10 standard direct labor per car 1.5 what is belle's direct labor rate variance? $250 unfavorable $150 unfavorable $150 favorable $250 favorable

On january 2, well co. purchased 10% of rea, inc.’s outstanding common shares for $400,000, which equaled the carrying amount and the fair value of the interest purchased in rea’s net assets. well did not elect the fair value option. because well is the largest single shareholder in rea, and well’s officers are a majority on rea’s board of directors, well exercises significant influence over rea. rea reported net income of $500,000 for the year and paid dividends of $150,000. in its december 31 balance sheet, what amount should well report as investment in rea?