Question
The standard labor cost in the production of a pair ofGoldenBrand athletic shoes is0.40hours at $13.00per hour. During the month of June,23,090pairs were produced. Actual
The standard labor cost in the production of a pair ofGoldenBrand athletic shoes is0.40hours at $13.00per hour. During the month of June,23,090pairs were produced. Actual labor costs were $94,080for7,840hours. Compute the labor rate and labor efficiency variances for the month of June.(Round actual wage rate to 2 decimal places, e.g. 15.25 and final answers to 0 decimal places, e.g. 125. Enter all variances as a positive number.)
Labor Rate Variance$
enter labor rate variance as a dollar amount
select an option
Favorable
Neither Unfavorable nor Favorable
Unfavorable
Labor Efficiency Variance$
enter labor efficiency variance as a dollar amount
select an option
Favorable
Neither Unfavorable nor Favorable
Unfavorable
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