How were the $1,151 favourable price variance and the $1,560 unfavourable labour efficiency variance calculated?...
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Accounting
How were the
$1,151
favourable price variance and the
$1,560
unfavourable labour efficiency variance calculated? What was the company's flexible-budget variance?
Begin by selecting the formula and enter the amounts to calculate the total direct labour price variance. Identify each variance as either favourable (F) or unfavourable (U). (For variances with a $0 balance, make sure to enter "0" in the appropriate field. If the variance is zero, do not select a label. Round all intermediate calculations to four decimal places, X.XXXX. Round your final answers to the nearest whole dollar.)
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