Question
Annapolis Company completes job #601 which has a standard of 630 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 630 labor hours at a standard rate of $19.30 per hour.The job was completed in 650 hours and the average actual labor rate was $19.70 per hour.What is the labor rate variance?A negative number indicates an favorable variance and a positive number indicates an unfavorable variance.
Annapolis Company completes job #601 which has a standard of 610 labor hours at a standard rate of $18.60 per hour.The job was completed in 620 hours and the average actual labor rate was $19.60 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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Business Communication Essentials
Authors: Courtland Bovee
4th Canadian Edition
0133508706, 978-0133508703
