Question
The following working standards have been established for a particular product: Standard working hours per unit of output 9.8 moment Standard labor rate $ 13.60
The following working standards have been established for a particular product:
| Standard working hours per unit of output | 9.8 | moment | |
| Standard labor rate | $ | 13.60 | hourly |
The following data relates to product-related transactions in the last month:
| Actual hours worked | 7.600 | moment | |
| Actual total labor cost | $ | 100.320 | |
| real output | 950 | units | |
What is the labor productivity difference for the month?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
To calculate the labor productivity difference for the month we need to compare the actual l...
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Step: 3
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Managerial Accounting Creating Value in a Dynamic Business Environment
Authors: Ronald Hilton, David Platt
10th edition
78025664, 978-0078025662
