FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Standard labor hours per unit of
4.6 hours
output
Standard labor rate
$20.40 per hours
The following data pertain to operations concerning the product for the last month:
Actual hours worked
7,200 hours
1,500 units
Actual total labor cost $147,600
Actual output
Required:
a. What is the labor rate variance for the month? (Input the amount as a positive va
Leave no cells blank - be certain to enter "O" wherever required. Indicate the ef
of each variance by selecting "F" for favorable, "U" for unfavorable, and "None"
no effect (i.e., zero variance.)
Labor rate variance
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Transcribed Image Text:Standard labor hours per unit of 4.6 hours output Standard labor rate $20.40 per hours The following data pertain to operations concerning the product for the last month: Actual hours worked 7,200 hours 1,500 units Actual total labor cost $147,600 Actual output Required: a. What is the labor rate variance for the month? (Input the amount as a positive va Leave no cells blank - be certain to enter "O" wherever required. Indicate the ef of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" no effect (i.e., zero variance.) Labor rate variance
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