The following direct labor data pertain to the operations of Hamad Manufacturing Company for the month of
Question:
The following direct labor data pertain to the operations of Hamad Manufacturing Company for the month of November:
The standard cost card shows that 2.5 hours are required to complete one unit of product. The actual labor rate incurred exceeded the standard rate by 10%. Four thousand units were manufactured in November.
Requirements 1. Calculate the cost, efficiency, and total direct labor variances.
2. Journalize the entries to record the direct labor variances.
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Answer 1 Direct Labor Variances a Calculate the Standard Hours Allowed StandardHoursAllowed ActualOutput StandardHoursperUnit StandardHoursAllowed Act...View the full answer
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