Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a job was budgeted to require three hours of labor

A job was budgeted to require three hours of labor per unit at $8 per...

60.1K

Verified Solution

Question

Accounting

A job was budgeted to require three hours of labor per unit at $8 per hour. The job consisted of 8,000 units and was completed in 22,000 hours at a total labor cost of $198,000. What is the labor rate variance?

$22,000 unfavorable

$16,000 unfavorable

$6,000 unfavorable

$16,000 favorable

$22,000 favorable

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

47 Growth rate If w t is the rate of growth of a child in...

Basic Math
Q

Corporate governance and implications of country level governance as it pertains to international finance?

Finance
Q

Describe how pseudopellitierene can be separated from compounds that aren't amines by solvent-solvent extractions. Discuss the influence...

Chemistry
Q

You are dealt one card from a standard 52-card deck. Find the probability of being...

Basic Math
Q

A researcher collects a simple random sample of grade point averages of statistics students and...

Statistics
Q

5 Find all the solutions to the equation x e 2xe 3e 0 x 3...

Calculus
Q

At the end of 2020, Riverbed Corp. has accounts receivable of $2.25 million and an...

Accounting
Q

17. The principle that people should pay taxes based on the benefits they receive from...

Accounting
Q

The charter of a corporation provides for the issuance of 100,000 shares of common stock....

Accounting
Q

Purple Corporation is acquiring Gray Corporation in a transaction that qualities as a 368 reorganization...

Accounting
Q

On June 1, Aaron Company purchased equipment at a cost of $120,000 that has a...

Accounting
Q

What type of order initiates a short position? BTO STO BTC STC ...

Finance