Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Blossom Company's standard labour cost per unit of output is $28 (2 hours x $14.00 per hour). During August, the company incurs 2,550 hours of

image text in transcribed

Blossom Company's standard labour cost per unit of output is $28 (2 hours x $14.00 per hour). During August, the company incurs 2,550 hours of direct labour at an hourly cost of $13.70 per hour in making 1,200 units of finished product. Calculate the total, price, and quantity labour variances. (Round per unit calculations to 2 decimal places, e.g. 1.25 and final answers to 0 decimal places, e.g. 125.) Total labour variance ta 765 Favourable Labour price variance $ 765.00 i Favourable Labour quantity variance $ ta 0 Neither favourable nor unfavourable

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamentals Of Managerial Accounting Version 3.0

Authors: Kurt Heisinger, Joe Ben Hoyle

1st Edition

1453399410, 9781453399415

More Books

Students also viewed these Accounting questions

Question

Explain the importance of the employment relationship to SHRM.

Answered: 1 week ago

Question

Define Administration?

Answered: 1 week ago