Riya plcs standard labor cost per unit of output is 22 (2 hours 11 per hour).
Question:
Riya plc’s standard labor cost per unit of output is £22 (2 hours × £11 per hour). During August, the company incurs 2,150 hours of direct labor at an hourly cost of £10.80 per hour in making 1,000 units of finished product. Compute the total, price, and quantity labor variances.
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Total labor variance 1220 U 2150 X ...View the full answer
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Related Book For
Accounting Principles
ISBN: 978-1119419617
IFRS global edition
Authors: Paul D Kimmel, Donald E Kieso Jerry J Weygandt
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