Question
Variance Analysis Pong Ping Products had the following variances for the year 2014: Labor rate variance $32,000 U Total flexible budget labor variance $88,000 U
Variance Analysis
Pong Ping Products had the following variances for the year 2014:
Labor rate variance $32,000 U
Total flexible budget labor variance $88,000 U
These variances were based on a standard of 24,000 total labor hours allowed (to produce 4,000actual units) and a standard of $20 per hour of labor.
How many total hours did it actually take Pong Ping employees to make 4,000 units?
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Managerial Accounting
Authors: Ray H. Garrison, Eric W. Noreen, G. Richard Chesley, Ray Carroll
6th Canadian Edition
0070915164, 9780070915169
