Business, 30.05.2020 20:03 zakiyahjones0890

Erie Company manufactures a mobile fitness device called the Jogging Mate. The company uses standards to control its costs. The labor standards that have been set for one Jogging Mate are as follows: Standard Hours Standard Rate per Hour Standard Cost 24 minutes $5.80 $2.32 During August, 8,550 hours of direct labor time were needed to make 19,400 units of the Jogging Mate. The direct labor cost totaled $48,735 for the month. Required: 1. What is the standard labor-hours allowed (SH) to makes 19,400 Jogging Mates? 2. What is the standard labor cost allowed (SH × SR) to make 19,400 Jogging Mates? 3. What is the labor spending variance? 4. What is the labor rate variance and the labor ef

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Erie Company manufactures a mobile fitness device called the Jogging Mate. The company uses standard...