The following information is available for a manufacturer. Compute the (a) rate variance and (b) efficiency variance,
Question:
The following information is available for a manufacturer. Compute the
(a) rate variance and
(b) efficiency variance, and label each as favorable \((F)\) or unfavorable \((U)\).
Transcribed Image Text:
Standard direct labor hours per unit... Standard direct labor rate per hour.... 2 hours $13.00 Actual direct labor cost (6,250 hours @ $13.10 per hour)... $81,875 Actual units produced and sold ... 3,000 units
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