Johnson, Inc., manufactures lead crystal glasses. The standard direct labor time is 0.3 hour per glass, at

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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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Financial and Managerial Accounting

ISBN: 978-0132497978

3rd Edition

Authors: Horngren, Harrison, Oliver

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Question Posted: Dec 16, 2011 03:42 AM

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Johnson, Inc., manufactures lead crystal glasses. The standard direct labor time is 0.3 hour per glass, at

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Req 1 Actual price per direct labor hour 10 Standard price per direct lab...View the full answer

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