In addition to the information for Acme Company in Mini-Exercises 15.1 and 15.2, the standard direct labor

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In addition to the information for Acme Company in Mini-Exercises 15.1 and 15.2, the standard direct labor cost per unit consists of 0.5 hour of labor time at $20 per hour. During August, $160,650 of actual labor cost was incurred for 7,650 direct labor hours.


Required:

Calculate the labor rate variance and labor efficiency variance for August.

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Accounting What the Numbers Mean

ISBN: 978-1260565492

12th edition

Authors: David Marshall, Wayne McManus, Daniel Viele

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