Question
Labor Rate and Efficiency Variances Botella Inc. produces plastic bottles. Each bottle has a standard labor requirement of 0.025 hours. During the month of April,
Labor Rate and Efficiency Variances
Botella Inc. produces plastic bottles. Each bottle has a standard labor requirement of 0.025 hours. During the month of April, 502,000 bottles were produced using 14,200 labor hours @ $9.75. The standard wage rate is $8.75 per hour.
Required:
Calculate the labor rate and efficiency variances using the columnar and formula approaches. If required, round your answers to the nearest cent.
| Labor rate variance | $ |
| Labor efficiency variance | $ |
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Security Audit And Control Features SAP ERP
Authors: Deloitte Touche Tohmatsu Research Team And Isaca
3rd Edition
1604201150, 978-1604201154
