shahimermaidExercise 8-10 Direct labor variances LO P2
| A manufactured product has the following information for June. |
| Standard | Actual | |||
| Direct materials | (7 lbs. @ $8 per lb.) | 58,700 | lbs. @ $8.10 per lb. | |
| Direct labor | (3 hrs. @ $16 per hr.) | 24,600 | hrs. @ $16.40 per hr. | |
| Overhead | (3 hrs. @ $13 per hr.) | $ | 329,300 | |
| Units manufactured | 8,300 | |||
Compute the direct labor rate variance and the direct labor efficiency variance. Indicate whether each variance is favorable or unfavorable.>
10 years ago
100
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