The following labor standards have been established for a particular product: Standard labor-hours per unit of output 9.1 hours Standard labor rate $12.90 per hour The following data pertain to operations concerning the product for the last month: 6,900 hours $86,250 Actual hours worked Actual total labor cost Actual output 900 units What is the labor efficiency variance for the month?

The following labor standards have been established for a particular product: Standard labor-hours per unit of output 9.1 hours Standard labor rate $12.90 per hour The following data pertain to operations concerning the product for the last month: 6,900 hours $86,250 Actual hours worked Actual total labor cost Actual output 900 units What is the labor efficiency variance for the month?

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Description: The following labor standards have been established for a particular product:Standard labor-hours per unit of output9.1 hoursStandard labor rate$12.90 per hourThe following data pertain to operations concerning the product for the last month:6,900 h

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter8: Standard Costs And Variances

Section: Chapter Questions

Problem 9PA: Power Co.s labor information for June is as follows: A. What was the actual labor rate per hour? B....

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