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A company uses standard costing and produces a single product. It provides the following information for the month of October about labor standards, cost, and
A company uses standard costing and produces a single product. It provides the following information for the month of October about labor standards, cost, and use: Labor Standards: Standard labor hours per unit: hours per unit Standard wage rate: $ per labor hour Actual labor cost and use for the month of October: Actual direct labor hours used: labor hours Actual wage rate: $ per labor hour Planned and Actual Production for October: Actual production level: units Budgeted production level: units Calculate the labor efficiency quantity variance for the month of October. Enter your answer as a positive number you will indicate whether this variance is favorable or unfavorable in the next question. The labor efficiency quantity variance in the question above is: Group of answer choices Favorable Unfavorable
A company uses standard costing and produces a single product. It provides the following information for the month of October about labor standards, cost, and use:
Labor Standards:
Standard labor hours per unit: hours per unit
Standard wage rate: $ per labor hour
Actual labor cost and use for the month of October:
Actual direct labor hours used: labor hours
Actual wage rate: $ per labor hour
Planned and Actual Production for October:
Actual production level: units
Budgeted production level: units
Calculate the labor efficiency quantity variance for the month of October.
Enter your answer as a positive number you will indicate whether this variance is favorable or unfavorable in the next question.
The labor efficiency quantity variance in the question above is:
Group of answer choices
Favorable
Unfavorable
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