Question

Refer to the information in question.
In question, The Woods Enterprises prepared the following standard costs for the production of one stuffed bear:
Direct materials..... 1.5 pounds of stuffing @ $2 per lb
Direct labor ....... 2 hours of assembly @ $15 per hr
Actual production costs for the production of 1,000 stuffed bears required 1,750 pounds of stuffing at a cost of $1.95 per pound and 1,950 labor hours at $15.25 per hour.

Required
A. Calculate the direct labor rate variance.
B. Calculate the direct labor efficiency variance.



$1.99
Sales1
Views80
Comments0
  • CreatedMarch 11, 2015
  • Files Included
Post your question
5000