Airon Company recently completed 12,700 units of its single product, consuming 51,000 labor hours that cost the firm $84
Posted: Fri Jul 01, 2022 8:53 am
Airon Company recently completed 12,700 units of its singleproduct, consuming 51,000 labor hours that cost the firm $846,600.According to manufacturing specifications, each unit should haverequired 4 hours of labor time at $17.00 per hour.On the basis of this information, determine Airon’s labor ratevariance and labor efficiency variance.