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Home Q & A Board Other Fields Homework Help Business Accounting
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opfaluyi opfaluyi
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11 months ago

The following labor standards have been established for a particular product:

Standard labor hours per unit of output3hours
Standard labor rate$ 12per hour

The following data pertain to operations concerning the product for the last month:

Actual hours worked6,700hours
Actual total labor cost$ 80,200
Actual output2,200units

Required:

a. What is the labor rate variance for the month?

b. What is the labor efficiency variance for the month?

Textbook 
Introduction to Managerial Accounting: Brewer Edition: 9e

Introduction to Managerial Accounting: Brewer Edition: 9e


Edition: 9th
Authors:
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raouldukraoulduk
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11 months ago
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opfaluyi Author
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11 months ago
Good timing, thanks!
Jose^2
wrote...

Yesterday
Helped a lot
bkrandy
wrote...

2 hours ago
You make an excellent tutor!
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