INTERMEDIATE ACCT.-WILEYPLUS ACCESS
INTERMEDIATE ACCT.-WILEYPLUS ACCESS
17th Edition
ISBN: 9781119595366
Author: Kieso
Publisher: WILEY
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Chapter 22, Problem 5ICA
To determine

To determine how a change in accounting policy is handled when it is impracticable to determine previous amounts.

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Baltimore Manufacturing completes job #725, which has a standard of 720 labor hours at a standard rate of $20.50 per hour. The job was completed in 600 hours, and the average actual labor rate was $21.80 per hour. What is the labor efficiency (quantity) variance? (A negative number indicates a favorable variance and a positive number indicates an unfavorable variance.)
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