Use the following information to complete Brief Exercises 10-36 and 10-37: Ambient Inc. produces aluminum cans. Each can has a standard labor requirement of
Use the following information to complete Brief Exercises 10-36 and 10-37: Ambient Inc. produces aluminum cans. Each can has a standard labor requirement of 0.03 hour. During the month of May, 500,000 cans were produced using 14,000 labor hours @ $15.00. The standard wage rate is $14.50 per hour. Brief Exercise 10-36. Total Labor Variance Objective 3 Example 10.5 Refer to the information for Ambient Inc. above. Required: Calculate the total variance for production labor for the month of May.
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