The standard cost of product 2525 includes 3.65 hours of direct labour at $14.85 per hour....

Transcribed Image Text:

The standard cost of product 2525 includes 3.65 hours of direct labour at $14.85 per hour. The predetermined overhead rate is $21.30 per direct labour hour. During July, the company incurred 7,400 hours of direct labour at an average rate of $15.15 per hour and $152,890 of manufacturing overhead costs. It produced 2,000 units. (a) Calculate the total, price, and quantity variances for labour. (Round per unit calculations to 2 decimal places, e.g. 1.25 and final answers to O decimal places, e.g. 125.) Total labour variance Labour price variance A Labour quantity variance $ The standard cost of product 2525 includes 3.65 hours of direct labour at $14.85 per hour. The predetermined overhead rate is $21.30 per direct labour hour. During July, the company incurred 7,400 hours of direct labour at an average rate of $15.15 per hour and $152,890 of manufacturing overhead costs. It produced 2,000 units. (a) Calculate the total, price, and quantity variances for labour. (Round per unit calculations to 2 decimal places, e.g. 1.25 and final answers to O decimal places, e.g. 125.) Total labour variance Labour price variance A Labour quantity variance $