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Bucket Works Corporation estimated it would produce 6,200 buckets for Home Depot in August 2020....

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Accounting

Bucket Works Corporation estimated it would produce 6,200 buckets for Home Depot in August 2020.

The actual production was 6,000 during August.

The standard labor cost is 2 buckets per hour at $18.00 per hour. Actual cost per hour was $18.40 with a total labor cost of $53,360.

Instructions

Determine the amounts of the labor price and the labor quantity variances for August.

Answer & Explanation Solved by verified expert
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