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Blake's Cheese Company produces gourmet cheese for resale at local grocery stores. Flakes expected to...

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Accounting

Blake's Cheese Company produces gourmet cheese for resale at local grocery stores. Flakes expected to use 0.70 direct labor hours to produce one unit (batch) of product at a cost of $12 per hour. Actual results are in for last year, which indicates 40,000 batches of cheese were sold. The company's direct labor workforce worked 24,500 hours at $11.25 per hour.

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Blake's Cheese Company produces gourmet cheese for resale at local grocery stores. Flake's expected to use 0.70 direct labor hours to produce one unit (batch) of product at a cost of $12 per hour. Actual results are in for last year, which indicates 40,000 batches of cheese were sold. The company's direct labor workforce worked 24,500 hours at $11.25 per hour. Required: A. Calculate the labor rate variance. B. Calculate the labor efficiency variance. Your answers to this open-ended assignment should be placed in the space below this line. A A B

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