Question
Airon Company recently completed 11,600 units of its single product, consuming 47,000 labor hours that cost the firm $770,800. According to manufacturing specifications, each unit
Airon Company recently completed 11,600 units of its single product, consuming 47,000 labor hours that cost the firm $770,800. According to manufacturing specifications, each unit should have required 4 hours of labor time at $16.80 per hour. On the basis of this information, determine Airons labor rate variance and labor efficiency variance.
| Rate | Efficiency | |
| A. | $18,560F | $9,840F |
| B. | $18,560F | $9,840U |
| C. | $18,800F | $10,080F |
| D. | $18,800F | $10,080U |
| E. | $18,800U | $10,080U |
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International Auditing Standards In The United States Comparing And Understanding Standards For ISA And PCAOB
Authors: Asokan Anandarajan, Gary Kleinman
2nd Edition
1953349323, 9781953349323
