Solution-Compute the labor price and quantity variances

Compute the labor price and quantity variances

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Reference no: EM13887995

Lewis Company's standard labor cost of producing one unit of Product DD is 4 hours at the rate of $12.00 per hour. During August, 40,600 hours of labor are incurred at a cost of $12.15 per hour to produce 10,000 units of Product DD.

Instructions

(a) Compute the total labor variance.

(b) Compute the labor price and quantity variances.

Reference no: EM13887995

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Compute the labor price and quantity variances

Reference no: EM13887995

Reference no: EM13887995

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