What is the labor quantity variance? Clark Company manufactures a product with astandard direct labor cost of two hours at $16.87 perhour. During July, 2,232 units were produced using4,267 hours at $15.96 per hour. What is the laborquantity variance?

Step 1: Definition of Labor Quantity VarianceLabor Quantity Variance measures the difference between…

Answered: Clark Company manufactures a product…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter8: Standard Costs And Variances

Section: Chapter Questions

Problem 7PB: Marymount Company makes one product. In the month of April, it made 3,500 units. Workers were paid...

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Clark Company manufactures a product with a standard direct labor cost of two hours at $16.87 per hour. During July, 2,232 units were produced using 4,267 hours at $15.96 per hour. What is the labor quantity variance?