Question
Annapolis Company completes job #601 which has a standard of 560 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 560 labor hours at a standard rate of $18.40 per hour.The job was completed in 580 hours and the average actual labor rate was $19.60 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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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, and Terry D. Warfield
15th edition
978-1118159644, 9781118562185, 1118159640, 1118147294, 978-1118147290
