Determine the rate variance and time variance
The following data relate to labor cost for production of 12,500 cellular phones:
Actual: 13,600 at $16.15 $219,640
Standard: 13,725 hours at $16.00 $219,600
Determine the rate variance, time variance, and total direct labor cost variance.
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The following data relate to labor cost for production of 12,500 cellular phones: Determine the rate variance, time variance, and total direct labor cost variance.
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