Question
In calculating labor variances you have given the following data Actual hours used 300 Actual rate $10.00 Labor rate variance 12 Favorable Efficiency variance 5
In calculating labor variances you have given the following data
Actual hours used 300
Actual rate $10.00
Labor rate variance 12 Favorable
Efficiency variance 5 Favorable
find the standard rate used for calculating these variances
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Financial Accounting Information for Decisions
Authors: John Wild
7th edition
78025893, 978-0078025891
