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Lewis Companys standard labor cost of producing one unit of Product DD is 3.60 hours at the rate of $14.00 per hour. During August, 43,900
Lewis Companys standard labor cost of producing one unit of Product DD is 3.60 hours at the rate of $14.00 per hour. During August, 43,900 hours of labor are incurred at a cost of $14.20 per hour to produce 12,100 units of Product DD. (a) Compute the total labor variance.
enter the Total labor variance in dollars | select an option FavorableNeither favorable nor unfavorableUnfavorable |
(b) Compute the labor price and quantity variances.
enter a dollar amount | select an option FavorableUnfavorableNeither favorable nor unfavorable | |||
enter a dollar amount | select an option Neither favorable nor unfavorableUnfavorableFavorable |
(c) Compute the labor price and quantity variances, assuming the standard is 4.00 hours of direct labor at $14.40 per hour.
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