Annapolis Company completes job #601 which has a standard of 610 labor hours at a...
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Annapolis Company completes job #601 which has a standard of 610 labor hours at a standard rate of $18.45 per hour. The job was completed in 630 hours and the average actual labor rate was $18.20 per hour. What is the labor rate variance? Round and enter as a whole number (no cents).
Annapolis Company completes job #601 which has a standard of 560 labor hours at a standard rate of $18.00 per hour. The job was completed in 530 hours and the average actual labor rate was $17.50 per hour. What is the labor efficiency (quantity) variance? A negative number indicates an favorable variance and a positive number indicates an unfavorable variance.
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