Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Talbot Companys standard labour cost per unit of output is $22.20 (2 hours $11.10 per hour). During August, the company incurs 2,950 hours of direct

Talbot Companys standard labour cost per unit of output is $22.20 (2 hours $11.10 per hour). During August, the company incurs 2,950 hours of direct labour at an hourly cost of $10.90 per hour in making 1,400 units of finished product. Calculate the total, price, and quantity labour variances.

Total labour variance $

Neither favourable nor unfavourableUnfavourableFavourable

Labour price variance $

Neither favourable nor unfavourableFavourableUnfavourable

Labour quantity variance $

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cloud Security Auditing

Authors: Suryadipta Majumdar, Taous Madi, Yushun Wang, Azadeh Tabiban, Momen Oqaily, Amir Alimohammadifar, Yosr Jarraya, Makan Pourzandi, Lingyu Wang, Mourad Debbabi

1st Edition

3030231305, 978-3030231309

More Books

Students also viewed these Accounting questions

Question

why we face Listening Challenges?

Answered: 1 week ago

Question

what is Listening in Context?

Answered: 1 week ago