ssignment/take Assignment Main.do?invoker&takeAssignmentSessionLocatorinprogress=false 2 NPC eBook Calculator Labor Variances Verde Company produces wheels for bicydes. During the year, 661,000 wheels were produced. The actual labor used was 362,000 hours at $9.60 per hour. Verde has the following labor standards: 1) $10.40 per hour; 2) 0.49 hour per wheel. Required: 1. Compute the labor rate variance. Favorable 2. Compute the labor efficiency variance. I X Unfavorable Feedback Check My Works Partially correct Video Calculator RoNP C Total Materials Variance Krumple Inc. produces aluminum cans. Production of 15-ounce cans has a standard unit quantity of 4 ounces of aluminum per can. During the month of April, 280,000 cans were produced using 1,500,000 ounces of aluminum. The actual cost of aluminum was $0.17 per ounce and the standard price was $0.06 per ounce. There are no beginning or ending inventories of aluminum. Required: Calculate the total variance for aluminum for the month of April. Enter amount as a positive number and select favorable or Unfavorable. Unfavorable Feedback