Question
Borden Enterprises uses standard costing. For the month of April, the company reported the following data: Standard direct labour rate $9.50 per hour Standard hours
Borden Enterprises uses standard costing. For the month of April, the company reported the following data:
Standard direct labour rate $9.50 per hour
Standard hours allowed for actual production 8,000
Actual direct labour rate $10.00 per hour
Actual labour hrs used: 9,000
The labour rate and efficiency variances for April are:
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Intermediate Accounting Volume 2
Authors: Hanlon, Hodder, Nelson, Roulstone, Dragoo
2nd Edition
1618533134, 9781618533357
