Question
Annapolis Company completes job #601 which has a standard of 610 labor hours at a standard rate of $18.40 per hour.The job was completed in
Annapolis Company completes job #601 which has a standard of 610 labor hours at a standard rate of $18.40 per hour.The job was completed in 610 hours and the average actual labor rate was $18.50 per hour.What is the labor rate variance?A negative number indicates an favorable variance and a positive number indicates an unfavorable variance.
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Managerial Accounting for Managers
Authors: Eric Noreen, Peter Brewer, Ray Garrison
3rd edition
78025427, 978-0077736460, 007773646X, 978-0078025426
