Business, 16.11.2020 17:20 jaemitchell23
The following labor standards have been established for a particular product:
Standard labor-hours per unit of output 9.6 hours
Standard labor rate $ 13.40 per hour
The following data pertain to operations concerning the product for the last month:
Actual hours worked 7,400 hours
Actual total labor cost $ 96,200
Actual output 950 units
Required:
a. What is the labor efficiency variance for the month?
b. What is the labor rate variance for the month?
Answers: 3
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The following labor standards have been established for a particular product:
Standard labor-hours...
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