GFO-20 …
c 19. A company made 1,200 units with a $550 favorable labor use variance. There was no labor rate variance and actual labor cost was $19,250. The actual wage rate was $11. Standard labor time per unit is. a. 0.5 hours. b. 1.0 hour. c. 1.5 hours. d. 2.0 hours. a 20. Which formula calculates a price or rate variance? ................
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