The following data relate to labor cost for production of 12,500 cellular telephones: Actual: 17,350 hours at
Question:
Actual: 17,350 hours at $18.16 ..........$315,076
Standard: 17,500 hours at $18.00 ......... $315,000
a. Determine the rate variance, time variance, and total direct labor cost variance.
b. Discuss what might have caused these variances.
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Related Book For
Accounting
ISBN: 978-0324188004
21st Edition
Authors: Carl s. warren, James m. reeve, Philip e. fess
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