Question
Ivanhoe Company's standard labour cost per unit of output is $28.20 (2 hours x $14.10 per hour). During August, the company incurs 2,710 hours
Ivanhoe Company's standard labour cost per unit of output is $28.20 (2 hours x $14.10 per hour). During August, the company incurs 2,710 hours of direct labour at an hourly cost of $13.90 per hour in making 1,300 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 O decimal places, e.g. 125.) Total labour variance $ Labour price variance Labour quantity variance +A $
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Managerial Accounting Tools for Business Decision Making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Ibrahim M. Aly
4th Canadian edition
1118856996, 978-1118856994
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