Examlex
Polaco Corporation makes a product that has the following direct labor standards: In May the company produced 8,500 units using 3,220 direct labor-hours. The actual direct labor rate was $22.10 per hour.
The labor rate variance for May is:
Cash Discounts
are reductions in price offered to buyers as an incentive for early payment of their bills, used to improve cash flow.
No-Doubt Security Products
Security products or solutions that offer undeniable protection and reliability, leaving no room for uncertainty or risk.
2/10 Net 30
A common payment term indicating that a buyer can take a 2% discount on the invoice price if payment is made within 10 days; otherwise, the net (full) amount is due within 30 days.
Trade Discount
A reduction in the listed price of goods or services provided by the seller to those in the same trade or industry.
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