Khaleed Manufacturing, a new company producing baby toys gives the following standard information: As per the...

Khaleed Manufacturing, a new company producing baby toys gives the following standard information: As per the following information, calculate labor variances. Standard hours per unit 3.5hrs. Standard rate per hour $35 Actual units produced 1,000units while actual labor hours is 5,000hrs at a total cost of $135,000. The company recorded idle hours of 450.

a) Labor Cost Variance b) Labor Rate Variance c) Labor Efficiency variance d) Idle Time Variance

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