Question: Using the following performance data, calculate the volume adjusted labor rate variance and volume adjusted efficiency variance. The department is considered 30% variable. Actual Budget

Using the following performance data, calculate the volume adjusted labor rate variance and volume adjusted efficiency variance. The department is considered 30% variable.

Actual

Budget

Salaries

Payroll Hours

Service Volume

$470,500

22,500

392,000

$477,750

21,000

390,000

Please put into excel with the formulas, thank you!

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