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Determine the actual labor cost LTS incurred to prepare the Ghent's office's returns in 2020 QUESTIONS 10 points Lara's Tax Services (LTS) does simple state
Determine the actual labor cost LTS incurred to prepare the Ghent's office's returns in 2020
QUESTIONS 10 points Lara's Tax Services (LTS) does simple state and federal tax returns for its customers. LTS charges it's clients $53 per return. LTS budgets that each simple return will require 15 minutes of labor at $40.00 per hour. The Ghent office performed 1,300 simple returns in 2020. LTS had an unfavorable labor cost variance (the actual labor cost minus the flexible budget labor cost) of $500. Determine the actual labor cost LTS incurred to prepare the Ghent office's returns in 2020
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