Question
The following labour standards have been established for a particular product: Standard labour hours per unit of output2.8hoursStandard labour rate$11.50per hour The following data pertain
The following labour standards have been established for a particular product:
Standard labour hours per unit of output2.8hoursStandard labour rate$11.50per hour
The following data pertain to operations concerning the product for the last month:
Actual hours worked6,900hoursActual total labour cost$80,385Actual output2,300units
Required:
a. What is the labour rate variance for the month?
b. What is the labour efficiency variance for the month?
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Auditing Cases An Interactive Learning Approach
Authors: Steven M Glover, Douglas F Prawitt
4th Edition
0132423502, 978-0132423502
