Annapolis Company completes job #601 which has a standard of 620 labor hours at a standard rate of $19.40 per hour. The job was completed in 570 hours and the average actual labor rate was $19.30 per hour. What is the labor efficiency (quantity) variance? A negative number indicates an favorable variance and a positive number indicates an unfavorable variance.

Answer rating: 100% (QA)

The variance is calculated difference between actual labo... View the full answer