ANSWER
1 | ||||
Standard labor-hours allowed=19,400*(24/60)= 7,760 | ||||
2 | ||||
Standard labor cost allowed = 7,760*6.20= $48,112 | ||||
3 | ||||
Labor spending variance = 50,760-48,112= $2,648 U | ||||
4 | ||||
Labor rate variance = 50,760-(8,460*6.20)= $1,692 F | ||||
Labor efficiency variance=6.20*(8,460-7,760)= $4,340 U | ||||
5 | ||||
Variable overhead rate variance=38,916-(8,460*4.10)= $4,230 U | ||||
Variable overhead efficiency variance=4.10*(8,460-7,760)= $2,870 U | ||||
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