Question
The LKO Company uses two different types of labor to produce its product. In 20X8, LKO expected to produce 10,000 units but it actually produced
The LKO Company uses two different types of labor to produce its product. In 20X8, LKO expected to produce 10,000 units but it actually produced 10,800 units. Information about labor usage is as follows:\ \ Labor Type Standard Wage Rate Standard Usage Actual Wage Rate Actual Hours\ A $12.00 5 hours / unit $14.00 51,000 hours\ B $20.00 3 hours / unit $19.00 34,000 hours\ \ Based on this information, what is LKOs labor yield variance for 20X8?
The LKO Company uses two different types of labor to produce its product. In 20X8, LKO expected to produce 10,000 units but it actually produced 10,800 units. Information about labor usage is as follows:\ \ Labor Type Standard Wage Rate Standard Usage Actual Wage Rate Actual Hours\ A $12.00 5 hours / unit $14.00 51,000 hours\ B $20.00 3 hours / unit $19.00 34,000 hours\ \ Based on this information, what is LKOs labor yield variance for 20X8?
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Sound Investing, Chapter 15 - Liability Tricks
Authors: Kate Mooney
2nd Edition
0071719377, 9780071719377
