The following computations of March labor variances for Sam's Supply Company are incomplete. The missing items...
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The following computations of March labor variances for Sam's Supply Company are incomplete. The missing items are labeled (A) through (D). Labor rate variance = 4,800 hours [(A) - $8.50] = $350 favorable Labor efficiency variance = (B) [5,000 hours - (C)] = $(D) Required: (A) In the table below, identify each missing item by name and the missing value. If the missing value is a variance, state whether it is favorable (F) or unfavorable (U). (1) Name of Item Value (2) (3) (4) (B) During March, the supervisor left for vacation without arranging for a replacement. Which variance(s) would have been most affected by this situation? The following computations of March labor variances for Sam's Supply Company are incomplete. The missing items are labeled (A) through (D). Labor rate variance = 4,800 hours [(A) - $8.50] = $350 favorable Labor efficiency variance = (B) [5,000 hours - (C)] = $(D) Required: (A) In the table below, identify each missing item by name and the missing value. If the missing value is a variance, state whether it is favorable (F) or unfavorable (U). (1) Name of Item Value (2) (3) (4) (B) During March, the supervisor left for vacation without arranging for a replacement. Which variance(s) would have been most affected by this situation?
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