Calculate the labor variance The following direct labor data pertain to the operations of Lunar TextilesInc. for the month of April:Actual labor rate$15.80 per hr.Actual hours used19,500Standard labor rate$15.50 per hr.Standard hours allowed 18,900Calculate the labor variances.

Labor Rate Variance (LRV):Formula:Labor Rate Variance = (Actual Rate - Standard Rate) × Actual…

Answered: The following direct labor data pertain…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter8: Standard Costs And Variances

Section: Chapter Questions

Problem 7PA: Ellis Companys labor information for September is as follows: A. Compute the standard direct labor...

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The following direct labor data pertain to the operations of Last Manufacturing Company for the month of November: Actual labor rate $9.20 per hr. Actual hours used 18,000 Standard labor rate $9.00 per hr. Standard hours allowed 17,100 Calculate the labor variances.
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The following direct labor data pertain to the operations of Lunar Textiles Inc. for the month of April: Actual labor rate $15.80 per hr. Actual hours used 19,500 Standard labor rate $15.50 per hr. Standard hours allowed 18,900 Calculate the labor variances.