The planning budget's assumption of $0.40 variable labor cost per gallon sold was based on the...
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The planning budget's assumption of $0.40 variable labor cost per gallon sold was based on the following assumptions: 1. Wage of $20 per labor hour 2. 0.02 labor hours per gallon sold Actual gas sales during the month were 30,000 gallons. Actual wages during the month were $25 per labor hour and actual labor hours were 600. What are the price and quantity variances for labor costs during the month? The planning budget's assumption of $0.40 variable labor cost per gallon sold was based on the following assumptions: 1. Wage of $20 per labor hour 2. 0.02 labor hours per gallon sold Actual gas sales during the month were 30,000 gallons. Actual wages during the month were $25 per labor hour and actual labor hours were 600. What are the price and quantity variances for labor costs during the month?
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