For the completion of job, 100 skilled workmen, 40 semi-skilled workmen and 60 unskilledworkmen worked for 30 weeks. Standard weekly wages for skilled workmen is S60, semi-skilled workmen is $36 and unskilled workmen is $24. The job completes in 32 weeks by80 skilled, 50 semi-skilled and 70 unskilled workmen. Actual wages per week is $65 forskilled, $40 for semi-skilled and $20 for unskilled workmen.Among the given options, determine labor yield variance.a. $17,760 favorableb. $17,760 adversec. $19,200 favorabled. $19,200 adverse

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Description: For the completion of job, 100 skilled workmen, 40 semi-skilled workmen and 60 unskilledworkmen worked for 30 weeks. Standard weekly wages for skilled workmen is S60, semi-skilled workmen is $36 and unskilled workmen is $24. The job completes in 32

Formula: Labor Yield Variance= (Standard Mix for actual output- Actual mix for actual…

Answered: Among the given options, determine…

Business

Accounting

Among the given options, determine labor yield variance.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter6: Activity-based, Variable, And Absorption Costing

Section: Chapter Questions

Problem 1EB: Green Bay Cheese Company estimates its overhead to be $375,000. It expects to have 125,000 direct...

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