The following data relate to labor cost for production of smart telephones: Actual:4,200 hrs. at $17.20 .....

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The following data relate to labor cost for production of smart telephones:

Actual:4,200 hrs. at $17.20 ..... $72,240

Standard: 4,260 hrs. at $16.75 .... $71,355

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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Survey of Accounting

ISBN: 978-1133189121

6th edition

Authors: Carl S Warren

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Question Posted: Feb 04, 2014 08:07 AM

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The following data relate to labor cost for production of smart telephones: Actual:4,200 hrs. at $17.20 .....

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Survey of Accounting

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