Question
The standard Labor cost in the production of a pair of Tukpr Brand athletic shoes is 0.40 hours at $14 per hour. During the month
The standard Labor cost in the production of a pair of Tukpr Brand athletic shoes is 0.40 hours at $14 per hour. During the month of June, 24,900 pairs were produced. Actual Labor costs were $132,000 for 8800 hours. Compute the labor rate and lobor efficiency variances for the month of June.
Labor rate variance$
Labor efficiency variance$
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Business Statistics For Contemporary Decision Making
Authors: Ken Black
7th Edition
0470931469, 978-0470931462
