@@drblectures I find it difficult to determine annual depreciation when it is half a year or a quarter, and I find it difficult to determine whether it is a loss or a gain
@@nouf9646thanks. Here is my favorite online calculator for these more challenging depreciation situations: www.calculatorsoup.com/calculators/financial/depreciation-calculator.php
I had taken a class with you not too long ago and I still watch your videos. Even after being so far in my grad school accounting studies, I still find your videos to be so helpful in my understanding. Thanks!
Thank you for your comment and question. To find the variance, we need to find the standard and actual costs. Then, we find the difference between the two. Here is the labor rate variance formula: (Standard Rate - Actual Rate) * Actual Hours. So, we do eventually multiply by actual hours. I hope this clarification helps. - Dr. B
Hi Brenda, Thanks for your comments and question. I wish I could, but these were developed for specific courses I teach. However, I recommend principlesofaccounting.com and look at their exercises. Thanks.
Good afternoon Dr. B, Your videos explaining the journal entries for milestone 1 in ACC-201 were very helpful to me and if not to many! I was curious if you would be posting a video on Milestone 2 soon; covering Unadjusted Trial Balance, Adjusting Entries, and Adjusted Trial Balance? thank you, Clay
