Question: Standard Costing at Microsoft Values: Item Standard Rate Actual Amount Labor Cost (per hour) $45 $47 Hours Worked 9,000 9,500 Requirements: Calculate the labor efficiency

Standard Costing at Microsoft

Values:

Item

Standard Rate

Actual Amount

Labor Cost (per hour)

$45

$47

Hours Worked

9,000

9,500

Requirements:

  1. Calculate the labor efficiency variance.
  2. Analyze the causes of the variance.
  3. Recommend measures to improve labor efficiency.
  4. Discuss the implications of labor variances on overall cost control.

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