Question
Alexis Company recently completed 12,300 units of its single product, consuming 25,000 labor hours that cost the firm $420,000. According to manufacturing specifications, each unit
Alexis Company recently completed 12,300 units of its single product, consuming 25,000 labor hours that cost the firm $420,000. According to manufacturing specifications, each unit should have required 2 hours of labor time at $17.20 per hour.
On the basis of this information, determine Alexis's labor rate variance and labor efficiency variance.
| Rate | Efficiency | |
| A. | $ 9,840 F | $ 6,720 F |
| B. | $ 9,840 F | $ 6,720 U |
| C. | $ 10,000 F | $ 6,880 F |
| D. | $ 10,000 F | $ 6,880 U |
| E. | $ 10,000 U | $ 6,880 U |
On the basis of this information, determine Alexis's total labor variance.
$16,560F
$3,120U
$3,120F
$16,880U
$16,880F
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Sarbanes Oxley And The New Internal Auditing Rules
Authors: Robert R. Moeller
1st Edition
0471483060, 978-0471483069
