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The options on the right are favorable/unfavorableeither favorable nor unfavorable Please show the process and explain why Exercise 11-11 d labor cost to be 2.20
The options on the right are favorable/unfavorableeither favorable nor unfavorable
Please show the process and explain why
Exercise 11-11 d labor cost to be 2.20 hours per unit at $13.00 per hour. The budget for variable overhead was $8 per unit, and budgeted fixed overhead was $15,000 for the year. Expected annual p the actual cost of labor was $14 per hour. Toy Co Express produced 5,000 units requiring 11,000 direct labor hours. Actual overhead for the year was $51,140. Calculate labor rate and efficiency variances and the controllable overhead variance and the overhead volume variance. (Round intermediate calculations to 2 decimal places, e.g. 15.25 and final answers to o decimal places, e.g. 125. Enter all variances as a positive number.) Labor Rate Variance 4 Labor Efficiency Variance 4 Controllable Overhead Variance Overhead Volume Variance Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT LINK TO TEXTStep by Step Solution
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