Multiple Choice
The Fantastic Tool Company (Mexico Division) produced 100,000 saw blades during the year. Each saw blade required two hours of labour at a rate of $5.50 per hour. However, the company's standard labour rate is $5.00. Its labour efficiency variance was a favourable $55,000.
-Refer to the Figure.What is Fantastic's labour rate variance?
A) $95,000 U
B) $96,875 U
C) $100,000 U
D) $105,500 U
Correct Answer:
Verified
Correct Answer:
Verified
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