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Williams Corporation reports the following direct labor information for November:
Standard rate $31.00per hour
Actual rate paid $31.80per hour
Standard hours allowed for actual production 44,200 hours
Labor efficiency variance $195,300F
Required:
Question 1: Based on these data, what was the number of actual hours worked and what was the labor price variance? (Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option.)
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Normal levels due to the effects of a labor strike that occurred during union contract negotiations. Once the dispute was settled, the company scheduled overtime to try to catch up to regular production levels. The following costs were incurred in..
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An inventory of spare parts for the robotic equipment would be purchased immediately at a cost of $60,000. This investment in working capital would be maintained throughout the life of the equipment. At the end the parts would be sold for $60,000
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