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Question - The Whitfield Co. uses a standard costing system and has established the following standards:
Direct materials: 4 pounds at $8.00 per pound
Direct labor: 1 hour at $16.00 per hour
During July, Whitfield produced 6,000 units of its product and incurred the following actual costs:
Direct materials: 25,200 pounds purchased and used at $8.20 per pound
Direct labor: 5,600 hours worked at $15.30 per hour
What was the labor rate variance for July?
$3,920 unfavorable
$1,120 unfavorable
$1,120 favorable
$3,920 favorable
bull suggest how ups management can use the real-time variance data analysis to improve operations.bullevaluate the
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The company currently employs 195 staff.The company has been trading successfully for a number of years.For the year ending 31 December 2015 the company's turnover was £4.8m and its net profit for the yearwas £1.1m.
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