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The standard labor cost in the production of a pair of Runner Brand athletic shoes is 0.40 hours at $14.00 per hour. During the month
The standard labor cost in the production of a pair of Runner Brand athletic shoes is 0.40 hours at $14.00 per hour. During the month of June, 27,120 pairs were produced. Actual labor costs were $124,050 for 8,270 hours. 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 $ Neither Unfavorable nor FavorableUnfavorableFavorable Labor Efficiency Variance $ UnfavorableFavorableNeither Unfavorable nor Favorable
The standard labor cost in the production of a pair of Runner Brand athletic shoes is 0.40 hours at $14.00 per hour. During the month of June, 27,120 pairs were produced. Actual labor costs were $124,050 for 8,270 hours. 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 $
Neither Unfavorable nor FavorableUnfavorableFavorable
Labor Efficiency Variance $
UnfavorableFavorableNeither Unfavorable nor Favorable
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Entrepreneurship
Authors: Andrew Zacharakis, William D Bygrave
5th Edition
9781119563099
