Total labor efficiency variance


Problem:

A job was budgeted to require three hours of labor per unit at $8 per hour. The job consisted of 8,000 units and was completed in 22,000 hours at a total labor cost of $198,000.

Required:

Question: What is the total labor efficiency variance?

Note: Please show how to work it out.

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Accounting Basics: Total labor efficiency variance
Reference No:- TGS0883521

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