Question
The standard cost of labor for the Richard Company's product is 2 hours of labor for each unit of product at a cost of $12
The standard cost of labor for the Richard Company's product is 2 hours of labor for each unit of product at a cost of $12 per hour.
During December, 110,200 hours of labor were incurred to produce 58,000 units of product. The actual labor rate was $12.50 per hour.
Compute the Labor Efficiency (or Quantity) Variance
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Cornerstones Of Financial Accounting
Authors: Jay Rich, Jefferson Jones, Maryanne Mowen, Don Hansen, Donald Jones, Ralph Tassone
2nd Canadian Edition
0176707123, 978-0176707125
