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A company had a fixed interest expense of $6,000,its income before interest expense and any income taxes was $18,000 and its net income was $8,400.The company's times interest earned ratio is equals to
Labour Time Sheet
A record detailing the amount of time an employee spends on various tasks, used for payroll and costing purposes.
Indirect Labour Hours
The hours worked by employees that cannot be directly linked to specific products or services.
Direct Labour Hours
The total hours worked by employees directly involved in the manufacturing process, usually influencing variable expenses.
T Accounts
A visual representation used in accounting to depict debits and credits for individual accounts, shaped like the letter "T".
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