ment PRINTER VERSION BACK Lewis Company\'s standard labor cost of producing one
ID: 2511580 • Letter: M
Question
ment PRINTER VERSION BACK Lewis Company's standard labor cost of producing one unit of Product DD is 3.5 hours at the rate of $12.0 per hour. During August, 42,900 hours of labor are incurred at a cost of $12.15 per hour to produce 12,100 units of Product D Compute the total labor variance. Total labor variance Unfavorable Compute the labor price and quantity variances. Labor price variance Unfavorable Labor quantity variance Unfavorable Compute the labor price and quantity variances, assuming the standard is 3.8 hours of direct labor at $12.30 per ho Labor price variance Labor quantity variance Favorable Favorable Policy l e 2000-2018 John Wiley & Sons, Inc. All Rights Reserved. A Division of John Wiley isonstne Version re to searchExplanation / Answer
Answer to A
Answer to B
Answer to C
Total Labor Cost Variance = Standard Cost - Actual Cost = 12100 x 3.5 x 12 - 42900 x 12.15 = 13035 UnfavRelated Questions
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