James has the following information regarding his use of direct labor in a recent period: Total direct
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Question:
James has the following information regarding his use of direct labor in a recent period:
Total direct labor hours worked (AQ) | 30,000 |
Total units manufactured | 8,000 |
Real hourly wage rate (AP) | $16 |
Standard cost data: | |
Hourly wage rate (SP) | $18 |
Standard hours per unit are 4 |
Required :
1. Calculate the labor efficiency variance for the period.
2. Calculate the labor rate variance for the period.
Related Book For
Cost management a strategic approach
ISBN: 978-0073526942
5th edition
Authors: Edward J. Blocher, David E. Stout, Gary Cokins
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