What is the labor efficiency variance for the month, Accounting Basics

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What is the labor efficiency variance for the month

The following labor standards have been established for a particular product:

Standard labor hours per unit of output 8.3 hours
Standard labor rate $12.10 per hour
The following data pertain to operations concerning the product for the last month:
Actual hours worked 6,100 hours
Actual total labor cost $71,370
Actual output 900 units

What is the labor efficiency variance for the month?

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Accounting Basics: What is the labor efficiency variance for the month

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Accounting Basics: What is the labor efficiency variance for the month

Reference No:- TGS071351

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Recent Questions Asked Accounting Basics

Q : What will be the equilibrium employment and wage

Q : What was the materials price variance for july

Q : How many units have to sell in order to turn a profit

Q : What was the direct labor efficiency variance

Q : What is the labor efficiency variance for the month

Q : What proportion used to minimize costs

Q : What are the actual hours worked

Q : What was thorp''s standard direct labor rate per hour

Q : What is the variable overhead efficiency variance for month

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What is the labor efficiency variance for the month

Reference No:- TGS071351

Recent Questions Asked Accounting Basics

Q : What will be the equilibrium employment and wage

Q : What was the materials price variance for july

Q : How many units have to sell in order to turn a profit

Q : What was the direct labor efficiency variance

Q : What is the labor efficiency variance for the month

Q : What proportion used to minimize costs

Q : What are the actual hours worked

Q : What was thorp''s standard direct labor rate per hour

Q : What is the variable overhead efficiency variance for month

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