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Bookkeeping basics: A guide for small businesses

If you have accounting software, it will manage your ledger for you. QuickBooks Online users have year-round access to Live Bookkeepers who can set up the software, then help manage finances. The core function of a bookkeeper is…

Labor rate variance definition

In this question, the Bright Company has experienced a favorable labor rate variance of $45 because it has paid a lower hourly rate ($5.40) than the standard hourly rate ($5.50). Generally, the wage rate is…

Labor rate variance definition

In this question, the Bright Company has experienced a favorable labor rate variance of $45 because it has paid a lower hourly rate ($5.40) than the standard hourly rate ($5.50). Generally, the wage rate is…