Question
Annapolis Company completes job #601 which has a standard of 530 labor hours at a standard rate of $20.00 per hour.The job was completed in
Annapolis Company completes job #601 which has a standard of 530 labor hours at a standard rate of $20.00 per hour.The job was completed in 530 hours and the average actual labor rate was $19.80 per hour.What is the labor efficiency (quantity) variance?A negative number indicates an favorable variance and a positive number indicates an unfavorable variance.
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Advanced Accounting
Authors: Paul M. Fischer, William J. Tayler, Rita H. Cheng
11th edition
538480289, 978-0538480284
