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ssume the following: The standard labor rate per hour is $18.00. The standard labor - hours allowed per unit of finished goods is 3 hours. The actual quantity of labor hours worked during the period was 43,700 hours. The total actual direct labor cost for the period was $726,000. The company produced 15,000 units of finished goods during the period. What is the labor efficiency variance? Multiple Choice $23, 400 U $23,400 F S60, 600 U $60,600 F

ssume the following: The standard labor rate per hour is $18.00. The standard labor - hours allowed per unit of finished goods is 3 hours. The actual quantity of labor hours worked during the period was 43,700 hours. The total actual direct labor cost for the period was $726,000. The company produced 15,000 units of finished goods during the period. What is the labor efficiency variance? Multiple Choice $23, 400 U $23,400 F S60, 600 U $60,600 F

FINANCIAL ACCOUNTING
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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ssume the following: The standard labor rate per hour is $18.00. The standard labor - hours allowed per unit of finished goods is 3 hours. The actual quantity of labor hours worked during the period was 43,700 hours. The total actual direct labor cost for the period was $726,000. The company produced 15,000 units of finished goods during the period. What is the labor efficiency variance? Multiple Choice $23, 400 U $23,400 F $60, 600 U $60,600 F
Transcribed Image Text:ssume the following: The standard labor rate per hour is $18.00. The standard labor - hours allowed per unit of finished goods is 3 hours. The actual quantity of labor hours worked during the period was 43,700 hours. The total actual direct labor cost for the period was $726,000. The company produced 15,000 units of finished goods during the period. What is the labor efficiency variance? Multiple Choice $23, 400 U $23,400 F $60, 600 U $60,600 F
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