Alexis Company recently completed 10,600 units of its single product, consuming 32,000 labor hours that cost the firm $480,000. According to manufacturing specifications, each unit should have required 3 hours of labor time at $15.40 per hour.
On the basis of this information, determine Alexis's labor rate variance and labor efficiency variance.
A) Choice A
B) Choice B
C) Choice C
D) Choice D
E) Choice E

Question

Alexis Company recently completed 10,600 units of its single product, consuming 32,000 labor hours that cost the firm $480,000. According to manufacturing specifications, each unit should have required 3 hours of labor time at $15.40 per hour.
On the basis of this information, determine Alexis's labor rate variance and labor efficiency variance. 
A) Choice A 
B) Choice B 
C) Choice C 
D) Choice D 
E) Choice E

Quizplus · Accepted Answer

The Answer of Alexis Company recently completed 10,600 units of its single product, consuming 32,000 labor hours that cost the firm $480,000. According to manufacturing specifications, each unit should have required 3 hours of labor time at $15.40 per hour.
On the basis of this information, determine Alexis's labor rate variance and labor efficiency variance. 
A) Choice A 
B) Choice B 
C) Choice C 
D) Choice D 
E) Choice E

Alexis Company Recently Completed 10,600 Units of Its Single Product