Question
Standard Tires labor standard for the production of one bicycle tire is 4.5 hours at $8.50 per hour. During October, the companys employees produced 140,000
Standard Tires labor standard for the production of one bicycle tire is 4.5 hours at $8.50 per hour. During October, the companys employees produced 140,000 tires, using 610,000 hours at a total cost of $5,328,400. How much is Standard Tires labor efficiency variance?
| $143,400 unfavorable | |
| $26,600 favorable | |
| $170,000 favorable | |
| $313,400 favorable |
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Intermediate Accounting IFRS
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
3rd edition
1119372933, 978-1119372936
