We appreciate your visit to Minji Corporation makes a product with direct labor standards of 0 80 hours per unit and 22 00 per hour In April the company produced. This page offers clear insights and highlights the essential aspects of the topic. Our goal is to provide a helpful and engaging learning experience. Explore the content and find the answers you need!
Answer :
Final answer:
The labor efficiency variance for April is $5,940 U.
Explanation:
The labor efficiency variance for April can be calculated by subtracting the actual labor hours used from the standard labor hours allowed, and then multiplying the difference by the standard labor rate. In this case, the standard labor hours allowed is 0.80 hours per unit, and the actual labor hours used is 5,250 hours. The standard labor rate is $22.00 per hour.
Labor efficiency variance = (Standard labor hours allowed - Actual labor hours used) x Standard labor rate
Labor efficiency variance = (0.80 hours per unit x 6,900 units - 5,250 hours) x $22.00 per hour
Labor efficiency variance = (5,520 hours - 5,250 hours) x $22.00 per hour
Labor efficiency variance = 270 hours x $22.00 per hour
Labor efficiency variance = $5,940 U
Learn more about labor efficiency variance here:
https://brainly.com/question/31605817
#SPJ11
Thanks for taking the time to read Minji Corporation makes a product with direct labor standards of 0 80 hours per unit and 22 00 per hour In April the company produced. We hope the insights shared have been valuable and enhanced your understanding of the topic. Don�t hesitate to browse our website for more informative and engaging content!
- Why do Businesses Exist Why does Starbucks Exist What Service does Starbucks Provide Really what is their product.
- The pattern of numbers below is an arithmetic sequence tex 14 24 34 44 54 ldots tex Which statement describes the recursive function used to..
- Morgan felt the need to streamline Edison Electric What changes did Morgan make.
Rewritten by : Barada