What is the labor efficiency quantity variance

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Question

Annapolis Company completes job #601 which has a standard of 530 labor hours at a standard rate of $18.30 per hour. The job was completed in 600 hours and the average actual labor rate was $17.90 per hour.

What is the labor efficiency (quantity) variance? A negative number indicates an favorable variance and a positive number indicates an unfavorable variance.

Reference no: EM132319209

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