Question
Annapolis Company completes job #601 which has a standard of 500 labor hours at a standard rate of $18.40 per hour. The job was completed
Annapolis Company completes job #601 which has a standard of 500 labor hours at a standard rate of $18.40 per hour. The job was completed in 660 hours and the average actual labor rate was $18.10 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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Internal Auditing Assurance And Advisory Services
Authors: Kurt R. Reding, Paul J. Sobel, Urton L. Anderson, Michael J. Head, Sridhar Ramamoorti, Mark Salamasick, Cris Riddle
5th Edition
1634541367, 978-1634541367
