EBK ACCOUNTING:TOOLS F/BUSINESS...
EBK ACCOUNTING:TOOLS F/BUSINESS...
7th Edition
ISBN: 9781119494799
Author: Kimmel
Publisher: WILEY
Question
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Chapter 22, Problem 15E

(a)

To determine

Compute the missing amounts.

(b)

To determine

Prepare the responsibility report.

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Hello tutor please help me accounting question
Kors manufacturing completes Job 214, which has a standard of 720 labor hours at a standard rate of $20.40 per hour. The job was completed in 790 hours, and the average actual labor rate was $22.10 per hour. What is the labor rate variance? A negative number indicates a favorable variance and a positive number indicates an unfavorable variance.
I need guidance with this general accounting problem using the right accounting principles.
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