Essay
Motts Inc.has a standard cost system in which the standard direct labor for a particular product is 0.50 hours at the standard rate of $21.00 per hour.The company has reported the following actual results for the product for October: 
Required:
a.Compute the labor rate variance for October.
b.Compute the labor efficiency variance for October.
Correct Answer:
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a.Labor rate variance = (AH × AR)− (AH ×...View Answer
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