Johnson, Inc., manufactures lead crystal glasses. The standard direct labor time is 0.3 hour per glass, at
Question:
Johnson, Inc., manufactures lead crystal glasses. The standard direct labor time is 0.3 hour per glass, at a price of $13 per hour. The actual results for the production of 6,900 glasses were 0.2 hour per glass, at a price of $10 per hour.
Requirement
1. Calculate the labor price variance and the labor efficiency variance.
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Related Book For
Financial and Managerial Accounting
ISBN: 978-0132497978
3rd Edition
Authors: Horngren, Harrison, Oliver
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