Question
Annapolis Company completes job #601 which has a standard of 590 labor hours at a standard rate of $19.30 per hour.The job was completed in
Annapolis Company completes job #601 which has a standard of 590 labor hours at a standard rate of $19.30 per hour.The job was completed in 560 hours and the average actual labor rate was $18.70 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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Horngrens Financial and Managerial Accounting
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
4th Edition
978-0133251241, 9780133427516, 133251241, 013342751X, 978-0133255584
