6) Action Enterprises recently used 14,000 labor hours to produce 7,500 completed units. According to manufacturing specifications, cach unit is anticipated to take two hours to complete. The company's actual payroll cost amounted to $158,200. If the standard labor cost per hour is $11, Action's labor rate variance is: A) $4,300U. B) $4,000F. C) $4,300F. D) $4,200U. E) None of the answers is correct.

6) Action Enterprises recently used 14,000 labor hours to produce 7,500 completed units. According to manufacturing specifications, cach unit is anticipated to take two hours to complete. The company's actual payroll cost amounted to $158,200. If the standard labor cost per hour is $11, Action's labor rate variance is: A) $4,300U. B) $4,000F. C) $4,300F. D) $4,200U. E) None of the answers is correct.

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Description: 6) Action Enterprises recently used 14,000 labor hours to produce 7,500 completed units.According to manufacturing specifications, each unit is anticipated to take two hours tocomplete. The company's actual payroll cost amounted to $158,200. If the

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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