Chapter 9, Problem 9.8E

The following direct labor information applies to Summit Tech Co. for the month of April: • Actual labor rate = $12.50 per hour • Actual hours worked = 12,000 hours • • Standard labor rate = $12.00 per hour Standard hours allowed = 11,200 hours Calculate the following: 1. Labor rate variance 2. Labor efficiency variance 3. Total labor variance

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Please help me solve this general accounting problem with the correct financial process.

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In November, one of the processing departments at Miyake Fabrication had beginning work in process inventory of $42,000 and ending work in process inventory of $35,000. During the month, $248,000 of costs were added to production. In the department's cost reconciliation report for November, the cost of units transferred out of the department would be $ ?

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