Leeds Company uses the following rule to determine whether labor efficiency variances should be investigated:
A labor efficiency variance will be investigated when the variance is greater than either $100 or 10 percent of the standard labor cost.
During September,the company used 500 direct labor hours at a rate of $15 per hour.Its standard rate is 475 direct labor hours at a rate of $14.50 per hour.

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The Answer of Leeds Company uses the following rule to determine whether labor efficiency variances should be investigated:
A labor efficiency variance will be investigated when the variance is greater than either $100 or 10 percent of the standard labor cost.
During September,the company used 500 direct labor hours at a rate of $15 per hour.Its standard rate is 475 direct labor hours at a rate of $14.50 per hour.

Leeds Company Uses the Following Rule to Determine Whether Labor