Question
The Geneva Chocolate Company manufactures boxes of chocolate. The operating data for the past month are summarized as follows: Produced 4,000 boxes of chocolates Direct
The Geneva Chocolate Company manufactures boxes of chocolate. The operating data for the past month are summarized as follows: Produced 4,000 boxes of chocolates Direct materials: Purchased and Used 4,300 kilograms @ $15.50 per kilogram; Standard price is $16 per kilogram; standard quantity is 1 kilogram per box Direct labour: Actual cost was $195,200 for 6,400 hours worked Standard hours per box produced, 1.5 hours; standard rate per hour, $30 Required: What is the direct labour rate variance? (enter a positive number only with no dollar sign, commas, letters, or decimals. For the above variance, enter F for favorable or U for unfavorable What is the direct labour efficiency variance? (enter a positive number only with no dollar sign, commas, letters, or decimals. 6400 For the above variance, enter F for favorable or U for unfavorable
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