Inge Inspections Inc. specializes in determining whether a building or house's drainpipes are properly tied into the
Question:
5 men worked a total of 80 hours and were paid $17.50 per hour ....... $1,400.00
5.5 gallons of Brite were used and cost $27.50 per gallon . . . . . . . . . ... 151.25
Total cost of the job. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,551.25
Required:
Compute the following variances, using the formulas on pages 402 and 403:
1. Materials price and quantity variances.
2. Labor rate and efficiency variances.
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