A job was budgeted to require 5 hours of labor per unit at$11,00per hour. The job consisted of 7,500 units and wascompleted in 36,500 hours at a total labor cost of$415,600What is he total labor cost variance? Multiple Choice$3,100untevorable.$6,475unfavorable.$3,375unfavorable.$620unfavorable.$7,500unfavorable.

By deducting the planned labor cost from the actual labor cost, the total labor cost variance is…

Answered: A job was budgeted to require 5 hours…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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