Question
Alexis Company recently completed 11,500 units of its single product, consuming 35,000 labor hours that cost the firm $588,000. According to manufacturing specifications, each unit
Alexis Company recently completed 11,500 units of its single product, consuming 35,000 labor hours that cost the firm $588,000. According to manufacturing specifications, each unit should have required 3 hours of labor time at $17.20 per hour. rev: 10_29_2012
35.
Required information
On the basis of this information, determine Alexis's labor rate variance and labor efficiency variance.
| Rate | Efficiency | |
| A. | $ 13,800 F | $ 8,400 F |
| B. | $ 13,800 F | $ 8,400 U |
| C. | $ 14,000 F | $ 8,600 F |
| D. | $ 14,000 F | $ 8,600 U |
| E. | $ 14,000 U | $ 8,600 U |
rev: 10_29_2012
Choice A
Choice B
Choice C
Choice D
Choice E
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Principles Of External Auditing
Authors: Brenda Porter, Jon Simon, David Hatherly
4th Edition
0470974451, 9780470974452
