Mordica Company's standard labor cost per unit of output is $21.00 (2.10 hours x $10.00 per hour). During August, the company incurs 2,772 hours of direct labor at an hourly cost of $11.00 per hour in making 1,200 units of finished product. Compute the total, price, and quantity labor variances. (Round answers to 2 decimal places, eg. 52.75.) Total labor variance %24 -6492 Unfavorable Labor price variance $4 2772 Unfavorable Labor quantity variance %24 4092 Unfavorable

Mordica Company's standard labor cost per unit of output is $21.00 (2.10 hours x $10.00 per hour). During August, the company incurs 2,772 hours of direct labor at an hourly cost of $11.00 per hour in making 1,200 units of finished product. Compute the total, price, and quantity labor variances. (Round answers to 2 decimal places, eg. 52.75.) Total labor variance %24 -6492 Unfavorable Labor price variance $4 2772 Unfavorable Labor quantity variance %24 4092 Unfavorable

Name: Mordica Company's standard labor cost per unit of output is $21.00 (2
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Description: Mordica Company's standard labor cost per unit of output is $21.00 (2.10 hours x $10.00 per hour). During August, the companyincurs 2,772 hours of direct labor at an hourly cost of $11.00 per hour in making 1,200 units of finished product.Compute th

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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