Standard hours allowed = 19,400*0.5 = 9700 |
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Standard cost allowed = 9700*5.60 = 54,320 |
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Labor spending variance = 54,320 - 56,540 = 2220 U |
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Labor Rate Variance = (SR-AR) *AH = (5.60-56540/10280)*10280 = 1028 F Labor efficiency variance = (SH-AH) *SR = (9700-10280)*5.60 = 3248 U |
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Variable oh rate variance = (4.50 - 49344/10280)*10280 = 3084 U Variable oh efficiency variance = (9700-10280)*4.50 = 2610 U |
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