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Standard Costing at Microsoft Values: Item Standard Rate Actual Amount Labor Cost (per hour) $45 $47 Hours Worked 9,000 9,500 Requirements: Calculate the labor efficiency
Standard Costing at Microsoft
Values:
Item | Standard Rate | Actual Amount |
Labor Cost (per hour) | $45 | $47 |
Hours Worked | 9,000 | 9,500 |
Requirements:
- Calculate the labor efficiency variance.
- Analyze the causes of the variance.
- Recommend measures to improve labor efficiency.
- Discuss the implications of labor variances on overall cost control.
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Financial Accounting Tools for Business Decision Making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
5th Edition
9781118560952, 1118560957, 978-0470239803
