Ambient Inc. produces aluminum cans. Each can has a standard labor requirement of 0.03 hour....

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Accounting

Ambient Inc. produces aluminum cans. Each can has a standard labor requirement of 0.03 hour. During the month of May, 500,000 cans were produced using 14,000 labor hours @ $15.00. The standard wage rate is $14.50 per hour.

Required:

Calculate the total variance for production labor for the month of May. Enter the amount as a positive number and select Favorable or Unfavorable. $

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