Blue Spruce Corporation estimated it would produce 6,440 compost bins, though actual production was 6,620...
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Accounting
Blue Spruce Corporation estimated it would produce compost bins, though actual production was during August. The standard labor cost is based on producing bins per hour at $ per hour. Actual cost per hour was $ with a total labor cost of $
Determine the amounts of the labor price and the labor quantity variances for August. Identify whether each variance is favorable or unfavorable.
Labor Price Variance
$
Labor Quantity Variance
$
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