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Tico inc. produces plastic bottles. Each bettle has a standard laber requirement of $0,024$ hour. During the month of April, $1,000,000$ bottles were produced using $23,200$ taber hours $$

$$$5,00.$ The standard wage rote is $$13\mathrm{.}00$ per hour.

Required:

Calculate the Labor rate and efficiency variances using the columnar and formula approsches. Enter amounts as positive numbers and select favorable or Unfaverable.

Labor rate variance

Unfavorable $$

Labor efficiency variance

$x$ Eaworahle $$

Treethack

condu, wes

Determine the labor rate variance by taking the diference between the standard and actual rates and then multiply by the actual hbor hours used. IRV $=($AR $-$ SR$)$ Ai

Compare the rate difference to assign this ambunt as either faworable or unfoverable.

Determine the labor efficiency variance by taking the difference between the actual and standard hours and then multoplying by the standard labor rate. LeV $=($AH$-$ Sif$)x$

SR

Compare the hour usage difference to assign this amount as either fimorable or unfavorable.

Review the "How to Calculute Labor Variances: Formula and Columnar Approaches" examgle in your text.

$**$I this is my final chance to get this right, I've tried the formula and way the book shows and what the feedback says and I cannot get it right to save my life.

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