During January, Novak Co. incurs 1,960 hours of direct labor at an hourly cost of...
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Accounting
During January, Novak Co. incurs 1,960 hours of direct labor at an hourly cost of $11.80 to produce 1,070 units of its finished product. Novaks standard labor cost per unit of output is $22 (2 hours x $11.00). Compute the total, price, and quantity labor variances for Novak Co. for January. Identify whether each variance is favorable or unfavorable.
| Total Labor Variance | $enter a dollar amount | select an option Not ApplicableUnfavorableFavorable | ||
|---|---|---|---|---|
| Labor Price Variance | $enter a dollar amount | select an option Not ApplicableFavorableUnfavorable | ||
| Labor Quantity Variance |
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