Question
Wayland Company has a standard of 5.8 hours of labor per unit, at $11.40 per hour. In producing 720 units, Wayland used 4,200 hours of
Wayland Company has a standard of 5.8 hours of labor per unit, at $11.40 per hour. In producing 720 units, Wayland used 4,200 hours of labor at a total cost of $45,000. What is Wayland's labor price variance?
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Optimization Methods In Finance
Authors: Gérard Cornuéjols, Javier Peña, Reha Tütüncü
2nd Edition
1107056748, 9781107056749
