Airon Company recently completed 10,600 units of its single product, consuming 32,000 labor hours that cost the ﬁrm $480,000.According to manufacturing speciﬁcations, each unit should have required 3 hours of labor time at $15.40 per hour. On the basis of this information, determine Airon's labor rate variance and labor eﬃciency variance.
A)Choice A
B)Choice B
C)Choice C
D)Choice D
E)Choice E

Question

Airon Company recently completed 10,600 units of its single product, consuming 32,000 labor hours that cost the ﬁrm $480,000.According to manufacturing speciﬁcations, each unit should have required 3 hours of labor time at $15.40 per hour. On the basis of this information, determine Airon's labor rate variance and labor eﬃciency variance. 
A)Choice A 
B)Choice B 
C)Choice C 
D)Choice D 
E)Choice E

Quizplus · Accepted Answer

The Answer of Airon Company recently completed 10,600 units of its single product, consuming 32,000 labor hours that cost the ﬁrm $480,000.According to manufacturing speciﬁcations, each unit should have required 3 hours of labor time at $15.40 per hour. On the basis of this information, determine Airon's labor rate variance and labor eﬃciency variance. 
A)Choice A 
B)Choice B 
C)Choice C 
D)Choice D 
E)Choice E

Airon Company Recently Completed 10,600 Units of Its Single Product