Skyward Manufacturing completed Job #455 with a standard of 620 labor hours at a standard rate of $19.00/hour. The job was completed in 580 hours at an actual rate of $20.50/hour. What is the labor rate variance?

Skyward Manufacturing completed Job #455 with a standard of 620 labor hours at a standard rate of $19.00/hour. The job was completed in 580 hours at an actual rate of $20.50/hour. What is the labor rate 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 27BEA: Rath Company showed the following information for the year: Required: 1. Calculate the standard...

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General Accounting Question

Skyward Manufacturing completed Job #455 with a
standard of 620 labor hours at a standard rate of
$19.00/hour. The job was completed in 580 hours at an
actual rate of $20.50/hour.
What is the labor rate variance?

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