Current Attempt in Progress At Paver, the standard quantity of labor is 24 hours per refrigeration unit. The standard wa

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Current Attempt In Progress At Paver The Standard Quantity Of Labor Is 24 Hours Per Refrigeration Unit The Standard Wa 1 (54.09 KiB) Viewed 50 times

Current Attempt in Progress At Paver, the standard quantity of labor is 24 hours per refrigeration unit. The standard wage rate is $33. In July, the company produced 75 refrigeration units and incurred 2,130 labor hours at a cost of $63,900. Calculate the labor rate variance and the labor efficiency variance. Indicate whether the variances are favorable or unfavorable. (Round intermediate calculations to 2 decimal places, e.g. 14.37 and final answers to 0 decimal places, e.g. 125. Enter all variances as a positive number.) Labor Rate Variance 6390 Favorable Labor Efficiency Variance $