Question
The standard labor cost in the production of a pair ofCanarieBrand athletic shoes is0.40hours at $12.00per hour. During the month of June,22,650pairs were produced. Actual
The standard labor cost in the production of a pair ofCanarieBrand athletic shoes is0.40hours at $12.00per hour. During the month of June,22,650pairs were produced. Actual labor costs were $91,920for7,660hours. 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 $, (Favorable/Unfavorable/Neither)
Labor Efficiency Variance $, (Favorable/Unfavorable/Neither)
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Financial and Managerial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
12th edition
978-1133952428, 1285078578, 1133952429, 978-1285078571
