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6 Exercise 10-13 Labour Variances Hobby Company produces sails for small recreational sailboats. During the year, 120,000 sails were produced. The actual labour used was

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6 Exercise 10-13 Labour Variances Hobby Company produces sails for small recreational sailboats. During the year, 120,000 sails were produced. The actual labour used was 178,000 hours at $15.20 per hour. Hobby has the fol- lowing labour standard: 1.5 hours at $14.80. Required: 1. Compute the labour rate variance. 2. Compute the labour efficiency variance

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