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Fundamentals of Cost Accounting 2nd Edition by William Lanen, Carolyn Wells, Michael Maher
Edition 2ISBN: 978-0077274993Fundamentals of Cost Accounting 2nd Edition by William Lanen, Carolyn Wells, Michael Maher
Edition 2ISBN: 978-0077274993 Exercise 10
Variable Cost Variances
The standard direct labor cost per reservation for Harry's Hotel is $2 (= $12 per labor hour ÷ 6 reservations per hour). Actual direct labor costs during the period totaled $30,160. Also during the period, 2,000 labor-hours were worked, and 14,000 reservations were made.
Required
Compute the direct labor price and efficiency variances for the period. (Refer to Exhibit 17.7 for the format to use.)
The standard direct labor cost per reservation for Harry's Hotel is $2 (= $12 per labor hour ÷ 6 reservations per hour). Actual direct labor costs during the period totaled $30,160. Also during the period, 2,000 labor-hours were worked, and 14,000 reservations were made.
Required
Compute the direct labor price and efficiency variances for the period. (Refer to Exhibit 17.7 for the format to use.)
Explanation
Verified
Verified
Direct Labor Cost Variance
The direct l...
Fundamentals of Cost Accounting 2nd Edition by William Lanen, Carolyn Wells, Michael Maher
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