Question: Question 43 of 50 < > Current Attempt in Progress Bramble Company provided the following information about its standard costing system for 2022: Actual

Question 43 of 50 < > Current Attempt in Progress Bramble Company

Question 43 of 50 < > Current Attempt in Progress Bramble Company provided the following information about its standard costing system for 2022: Actual Data Standard Data Materials 10 lbs. @ $4 per lbs. Labor 3 hrs. @ $21 per hr. Produced Materials purchased 4,030 units 50,300 lbs. costing $216,290 Budgeted production 3,530 units Materials used 41,300 lbs. Labor worked 11,060 hrs. costing $221,200 -18 Calculate the labor price variance and the labor quantity variance. Identify whether each variance is favorable or unfavorable. Labor Price Variance $ Labor Quantity Variance !!! E

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