Annapolis Company completes job #601 which has a standard of 630 labor
Annapolis Company completes job #601 which has a standard of 630 labor
hours at a standard rate of $19.10 per hour. The job was completed in 540 hours and the average actual labor rate was $18.70 per hour. What is the labor efficiency (quantity) variance? A negative number indicates an favorable variance and a positive number indicates an unfavorable variance.