Brighton Manufacturing completed job #724 with a standard of 800 labor hours at a standard rate of $22.50 per hour. The job was actually completed in 850 hours with an average actual labor rate of $23.25 per hour. Calculate the labor efficiency (quantity) variance.

Brighton Manufacturing completed job #724 with a standard of 800 labor hours at a standard rate of $22.50 per hour. The job was actually completed in 850 hours with an average actual labor rate of $23.25 per hour. Calculate the labor efficiency (quantity) variance.

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter10: Standard Costing And Variance Analysis

Section: Chapter Questions

Problem 58E: At the beginning of the year, Lopez Company had the following standard cost sheet for one of its...

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General Accounting question

Brighton Manufacturing completed job #724 with a standard of 800
labor hours at a standard rate of $22.50 per hour. The job was actually
completed in 850 hours with an average actual labor rate of $23.25 per
hour. Calculate the labor efficiency (quantity) variance.

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