Finding of the labor rate variance, Accounting Basics

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Finding of the labor rate variance

Borden Enterprises uses standard costing. For the month of April, the company reported the following data:

• Standard direct labor rate: $10 per hour
• Standard hours allowed for actual production: 8,000 hours
• Actual direct labor rate: $9.50 per hour
• Labor efficiency variance: $4,800 Favorable

The labor rate variance for April is:

A. $3,760 U

B. $3,760 F

C. $2,850 F

D. $2,850 U

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Accounting Basics: Finding of the labor rate variance

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Accounting Basics: Finding of the labor rate variance

Reference No:- TGS052250

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

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Q : Notional amount of zero-cost swap

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Finding of the labor rate variance

Reference No:- TGS052250

Recent Questions Asked Accounting Basics

Q : The labor efficiency variance problem

Q : Notional amount of zero-cost swap

Q : Actual variable manufacturing cost

Q : Compute the incremental cash flows of the investment

Q : Finding of the labor rate variance

Q : Determining the ebitda coverage ratio

Q : The materials quantity variance findings

Q : Project payback-project npv

Q : Function of financial intermediaries

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