Job #305 Was Budgeted to Require 3

question 130

Essay

Job #305 was budgeted to require 3.5 hours of labor at $11.00 per hour. However, it was completed in 3 hours by a person who worked for $14.00 per hour. What is the total labor cost variance for Job #305?

---

Definitions:

At-Will Employment

A employment arrangement where either the employer or the employee can terminate the relationship at any time without cause.

Employment-At-Will

A legal doctrine in some jurisdictions that enables an employment relationship to be terminated by either the employer or the employee for any reason that is not illegal.

Illegal Activity

Actions or behaviors that are prohibited by law and subject to criminal penalties or civil liability.

Good Cause

A legally valid reason or justification for an action, often pertaining to decisions in employment or legal proceedings.