The following labor standards have been established for a particular product: Standard labor-hours per unit of output Standard labor rate The following data pertain to operations concerning the product for the last month: Actual hours worked Actual total labor cost Actual output What is the labor efficiency variance for the month? (2.5점) 1) $19,720 F 10.2 hours $ 14.00 per hour -2) $19,720 U (3) $16,520 F -4) $16,048 F 8,000 hours $ 108,800 900 units

The following labor standards have been established for a particular product: Standard labor-hours per unit of output Standard labor rate The following data pertain to operations concerning the product for the last month: Actual hours worked Actual total labor cost Actual output What is the labor efficiency variance for the month? (2.5점) 1) $19,720 F 10.2 hours $ 14.00 per hour -2) $19,720 U (3) $16,520 F -4) $16,048 F 8,000 hours $ 108,800 900 units

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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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