Question
The following materials standards have been established for a particular product: Standard Labor Hours per unit 4.5 hours Standard labor rate $19.70 The following data
The following materials standards have been established for a particular product: Standard Labor Hours per unit 4.5 hours Standard labor rate $19.70
The following data pertain to operations concerning the product for the last month: Actual hours worked 6500 hours
actual labor cost $130,975
Actual output 1,400 units Required: a. What is the labor rate variance for the month? b. What is the labor efficiency variance for the month?
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Cost Management Measuring Monitoring And Motivating Performance
Authors: Leslie G. Eldenburg, Susan Wolcott
1st Edition
0471205494, 978-0471205494
