Examlex
The standard rate of pay is $20 per direct labor hour. If the actual direct labor payroll was $117600 for 6000 direct labor hours worked the direct labor price (rate) variance is
Statement of Cash Flows
A financial report summarizing the amount of cash and cash equivalents entering and leaving a company.
Operating Activities
Business transactions and events related to the primary revenue-generating activities of an organization, influencing cash flow.
Indirect Method
An approach used in cash flow statements to reconcile net income with cash flow from operating activities, adjusting for non-cash transactions.
Accumulated Depreciation
The cumulative value of depreciation expense assigned to a physical asset since it was first utilized.
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