Question
Annapolis Company completes job #601 which has a standard of 540 labor hours at a standard rate of $18.60 per hour. The job was completed
Annapolis Company completes job #601 which has a standard of 540 labor hours at a standard rate of $18.60 per hour.
The job was completed in 600 hours and the average actual labor rate was $18.20 per hour.
What is the labor rate variance?
A negative number indicates a favorable variance and a positive number indicates an unfavorable variance.
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Financial Accounting
Authors: Robert Libby, Patricia A Libby
7th Edition
0078111021, 9780078111020
