P 12-9: Healing Touch Healing Touch manufactures massage chairs with the following standard cost structure: Standard Cost Sheet: Massage Chair 6 m @ $3 2 sq m @ $7 3 kg @ $4 4 hr@ $15 Metal tubing Leather Padding Direct labor Total cost Metal tubing Leather Padding Direct labor Total standard cost $18.00 14.00 12.00 60.00 $104.00 During the month, 500 chairs are manufactured and the following costs incurred: Actual Costs Incurred for the Month: Massage Chair 3,100 m 1,100 sq m 1,600 kg 1,800 hr $ 9,455 7,722 6,560 27,270 $51,007 Required: a. Calculate all materials and labor variances (including price, quantity, wage rate, and labor efficiency variances). b. Write a short report summarizing and analyzing the manufacturing operations for the month.

Match each of the components of faithful representation with its definition.Faithful Representation                             Definition1 . Freedom from error      a. All information necessary to describe an item is                                                  reported. 2. Neutrality                       b. Information that does not bias the decision                                                         maker. 3. Completeness                c. Reported amounts reflect the best available                                                        information.

what exactly is a cookie jar reserve?  Does using a cookie jar reserve follow GAAP?  Does using a cookie jar reserve appear to be an ethical practice?  Support your opinion.  Your post should be more than a single sentence.

14. When performing an attestation examination engagement, the standards do not require which of the following?   Group of answer choices   Assertion.   Practitioner independence.   Subject matter.   Suitable criteria.