The following direct labor standards have been established for product k33L: Standard direct labor - hours 7.2 hours per unit of k33L Standard direct labor wage rate $ 12.80 per hour The following data pertain to last month's operations: Actual output of product k33L 900 units Actual direct labor - hours worked 6,600 hours Actual direct labor wages paid $ 78,540 Required: a. What was the labor rate variance for the month? b. What was the labor efficiency variance for the month? Indicate each variance as "F" for favorable and "U" for unfavorable.
The following direct labor standards have been established for product k33L: Standard direct labor - hours 7.2 hours per unit of k33L Standard direct labor wage rate $ 12.80 per hour The following data pertain to last month's operations: Actual output of product k33L 900 units Actual direct labor - hours worked 6,600 hours Actual direct labor wages paid $ 78,540 Required: a. What was the labor rate variance for the month? b. What was the labor efficiency variance for the month? Indicate each variance as "F" for favorable and "U" for unfavorable.
Chapter8: Standard Costs And Variances
Section: Chapter Questions
Problem 7PA: Ellis Companys labor information for September is as follows: A. Compute the standard direct labor...
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