Actual hours worked: 200 Standard hours: 250 Actual rate per hour: $12 Standard rate per hour: $10

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Question:

Given the information above, which of the following is correct regarding direct manufacturing labor variances?

a. The price and efficiency variances are favorable.

b. The price and efficiency variances are unfavorable.

c. The price variance is favorable, while the efficiency variance is unfavorable.

d. The price variance is unfavorable, while the efficiency variance is favorable

Related Book For answer-question

Cornerstones of Cost Management

ISBN: 978-1285751788

3rd edition

Authors: Don R. Hansen, Maryanne M. Mowen

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Posted Date: Oct 25, 2019 11:05 AM

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Actual hours worked: 200 Standard hours: 250 Actual rate per hour: $12 Standard rate per hour: $10

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Labor price and efficiency variance are calculate... View the full answer

Cornerstones of Cost Management

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