EXERCISE 10-15 (CONTINUED) ALTERNATIVE SOLUTION

6, - SOLUTIONS TO QUESTION MANAGERIAL ACCOUNTING CH10 STANDARD COST AND THE BALANCE SCORECARD 6, - SOLUTIONS TO QUESTION MANAGERIAL ACCOUNTING CH10 STANDARD COST AND THE BALANCE SCORECARD
SOLUTIONS TO QUESTION MANAGERIAL ACCOUNTING CH10 STANDARD COST AND THE BALANCE SCORECARD
6,400 hours ($8.00 per hour – $7.50 per hour) = $3,200 U Labor efficiency variance = SR (AH – SH) $7.50 per hour (6,400 hours – 7,200 hours) = $6,000 F b. Work in Process (7,200 hours × $7.50 per hour) ... 54,000 Labor Rate Variance (6,400 hours × $0.50 per hour U)... 3,200 Labor Efficiency Variance (800 hours F × $7.50 per hour) ... 6,000Wages Payable (6,400 hours × $8.00 per hour)... 51,200Problem 10-18 (continued) Actual Hours of