Storkin Enterprises recently used 26,000 labor hours to produce 9,400 completed units. According to manufacturing...
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Accounting
Storkin Enterprises recently used 26,000 labor hours to produce 9,400 completed units. According to manufacturing specifications, each unit is anticipated to take 2.75 hours to complete. The company's actual payroll cost amounted to $504,400. If the standard labor cost per hour is $19.60, Storkins labor rate variance is:
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