Williams Corporation reports the following direct labor information for November: Standard rate Actual rate paid Standard...
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Williams Corporation reports the following direct labor information for November: Standard rate Actual rate paid Standard hours allowed for actual production Labor efficiency variance Required: Based on these data, what was the number of actual hours worked and what was the labor price variance? (Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option.) Actual hours worked Labor price variance $ $ 33.00 per hour 33.80 per hour 44,700 hours $227,700 F hours Williams Corporation reports the following direct labor information for November: Standard rate Actual rate paid Standard hours allowed for actual production Labor efficiency variance Required: Based on these data, what was the number of actual hours worked and what was the labor price variance? (Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option.) Actual hours worked Labor price variance $ $ 33.00 per hour 33.80 per hour 44,700 hours $227,700 F hours
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Managerial Accounting Creating Value in a Dynamic Business Environment
ISBN: 978-0078025662
10th edition
Authors: Ronald Hilton, David Platt
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