Mordica Company's standard labor cost per unit of output is $33.00 (3.00 hours x $11.00 per hour). During August, the company incurs 3,960 hours of direct labor at an hourly cost of $9.90 per hour in making 1,200 units of finished product. Compute the total, price, and quantity labor variances. (Round answers to 2 decimal places, eg. 52.75.) Total labor variance Labor price variance Labor quantity variance

Mordica Company's standard labor cost per unit of output is $33.00 (3.00 hours x $11.00 per hour). During August, the company incurs 3,960 hours of direct labor at an hourly cost of $9.90 per hour in making 1,200 units of finished product. Compute the total, price, and quantity labor variances. (Round answers to 2 decimal places, eg. 52.75.) Total labor variance Labor price variance Labor quantity variance

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Description: do not give solution in image Mordica Company's standard labor cost per unit of output is $33.00 (3.00 hours x $11.00 per hour). During August, the companyincurs 3,960 hours of direct labor at an hourly cost of $9.90 per hour in making 1,200 units of

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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