Question
TB MC Qu. 10-36 (Static) The following labor standards have been ... The following labor standards have been established for a particular product: Standard labor-hours
TB MC Qu. 10-36 (Static) The following labor standards have been ...
The following labor standards have been established for a particular product:
| Standard labor-hours per unit of output | 8.7 | hours |
|---|---|---|
| Standard labor rate | $18.10 | per hour |
The following data pertain to operations concerning the product for the last month:
| Actual hours worked | 3,800 | hours |
|---|---|---|
| Actual total labor cost | $67,640 | |
| Actual output | 500 | units |
What is the labor efficiency variance for the month?
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Internal Auditing Theory A Systems View
Authors: Hugh Marsh, G A Swanson
1st Edition
089930608X, 978-0899306087
