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The Following Labour Standards Have Been Established for a Particular

Question 166

Essay

The following labour standards have been established for a particular product: The following labour standards have been established for a particular product: The following data pertain to operations concerning the product for the last month: Required: a)What was the labour rate variance for the month? b)What was the labour efficiency variance for the month?
The following data pertain to operations concerning the product for the last month: The following labour standards have been established for a particular product: The following data pertain to operations concerning the product for the last month: Required: a)What was the labour rate variance for the month? b)What was the labour efficiency variance for the month?
Required:
a)What was the labour rate variance for the month?
b)What was the labour efficiency variance for the month?

Correct Answer:

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Labour rate variance = (AH x AR)- (AH x ...

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