Annapolis Company completes job #601 which has a standard of 640 labor hours at a standard rate of $19.70 per hour. The job was completed in 600 hours and the average actual labor rate was $19.70 per hour. What is the labor efficiency (quantity) variance?

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
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Chapter8: Standard Costs And Variances
Section: Chapter Questions
Problem 8EB: Case made 24,500 units during June, using 32,000 direct labor hours. They expected to use 31,450...
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General Accounting

Annapolis Company completes job #601 which has a
standard of 640 labor hours at a standard rate of $19.70
per hour. The job was completed in 600 hours and the
average actual labor rate was $19.70 per hour.
What is the labor efficiency (quantity) variance?
Transcribed Image Text:Annapolis Company completes job #601 which has a standard of 640 labor hours at a standard rate of $19.70 per hour. The job was completed in 600 hours and the average actual labor rate was $19.70 per hour. What is the labor efficiency (quantity) variance?
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