Chapter 1, Problem 13Q

Chang Company uses a standard costing system. In August, 7,960 actual labor hours were worked at a rate of $17.55 per hour. The standard number of hours is 6,350 and the standard wage rate is $15.45 per hour. Determine the Labor Rate and Variance Labor Efficiency Variance. Don't Use Ai

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The following information represents the account balances of the Carroway Company: Beginning inventory Purchases discounts Sales discounts Ending inventory Freight-in Gross purchases Gross sales Purchase returns and allowances Sales returns and allowances What is the gross profit? a. $210,000 b. $212,000 c. $221,000 d. $217,000 e. $222,000 $ 18,000 3,000 8,000 23,000 4,000 2,15,000 4,40,000 2,000 6,000

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Calculate the total cost of the job .