Question
Please provide your assistance on this exercise asap. Express the labor cost variances in total dollars. 26.Firm J produced 45,000 radios using 9,000 hours of
Please provide your assistance on this exercise asap.
Express the labor cost variances in total dollars.
26.Firm J produced 45,000 radios using 9,000 hours of labor in 2004; total labor costs were $54,000. In 2003, firm J produced 48,000 radios using 8,000 hours of labor; total labor costs were $40,000.The labor price variance is__________ and the labor volume variance is_________________and the labor efficiency variance is_______________.
27.Firm K produced 45,000 radios using 9,000 hours of labor in 2003; total labor costs were $54,000. In 2004, firm K produced 48,000 radios using 8,000 hours of labor; total labor costs were $40,000.The labor price variance is__________ and the labor volume variance is_________________and the labor efficiency variance is_______________.
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