The following are the department labor costs for the month of March: Actual Budget Variance $$ 22,815,
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The following are the department labor costs for the month of March: Actual Budget
Variance $\$ 22,815, \$ 17,250, \$ 5,565 \mathrm{U}$
Budgeted volume $ = 1,250$
Actual volume $=1,500$
Budgeted labor hours per unit $=.60$
Actual labor hours per unit $=.65$
Budgeted pay rate $=\$ 23.00 / \mathrm{hr}$
Actual pay rate $=\$ 23.40 / \mathrm{hr}$
Calculate the price, quantity, and volume variances.
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Related Book For
Finance And Accounting For Nonfinancial Managers
ISBN: 9780808046905
5th Edition
Authors: Steven A. Finkler
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