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Question - ACME Company's production budget for August is 18,600 units and includes the following components unit costs; direct materials $8.00, direct labor $ 11.50, variable overhead $ 5.00. Budgeted fixed overhead is $ 43.000. Actual production in August was 19.998 units. Actual unit component costs incurred during August include direct materials $ 10.00, direct labor $ 10.50, variable overhead $ 6.00. The actual fixed overhead was $ 45.600. The standard direct labor cost per unit consists of 0.5 hour of labor time at $ 23 per hour. During August, 209,979 of actual labor cost was incurred for 9,090 direct labor hours. Calculate the labor rate variance and labor efficiency variance for August.
as of december 31 gammelguard corporation has outstanding accounts receivable of 2.4 million. sales on credit during
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