Question
Firm J produced 45,000 radios using 9,000 hours of labor in 2004; total labor costs were $54000. In 2003, FIrm J produced 48,000 radios using
Firm J produced 45,000 radios using 9,000 hours of labor in 2004; total labor costs were $54000. In 2003, FIrm J produced 48,000 radios using 8,000 hours of labor; total labor costs were $40,000.
Calculate:
labor price variance
labor volume variance
labor efficiency variance
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Financial Accounting An Introduction to Concepts, Methods and Uses
Authors: Roman L. Weil, Katherine Schipper, Jennifer Francis
14th edition
978-1111823450, 1-133-36617-1 , 1111823456, 978-1-133-3661, 978-1133591023
