The following information is presented for the Lew Green Manufacturing Company. Direct labor rate standard is

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The following information is presented for the Lew Green Manufacturing Company.

• Direct labor rate standard is $24.

• Direct labor efficiency standard is three hours per finished unit.

• Budgeted production is 775 finished units.

• Production required 2,375 direct labor hours at a cost of $57,475.

• 810 finished units of product were produced.

Required:

a. Determine the direct labor rate variance.

b. Determine the direct labor efficiency variance in dollars.

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Introduction To Management Accounting A User Perspective

ISBN: 9780130327505

2nd Edition

Authors: Michael L Werner, Kumen H Jones

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Question Posted: May 27, 2024 02:03 AM

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The following information is presented for the Lew Green Manufacturing Company. Direct labor rate standard is

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Introduction To Management Accounting A User Perspective

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