Airon Company recently completed 10,600 units of its single product, consuming 32,000 labor hours that cost the firm $480,000. According to manufacturing specifications, each unit should have required 3 hours of labor time at $15.40 per hour.On the basis of this information, determine Airon's labor rate variance and labor efficiency variance. RateEfficiencyA.$12,720F$3,000FB.$12,720F$3,000UC.$12,800F$3,080FD.$12,800F$3,080UE.$12,800U$3,080U
A. Choice A
B. Choice B
C. Choice C
D. Choice D
E. Choice E
Answer: D
Business
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