Information on Hanleys direct labor costs for January 2013 is as follows: Actual direct labor rate ...........

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Information on Hanley’s direct labor costs for January 2013 is as follows:

Actual direct labor rate ........... $ 7.50

Standard direct labor hours allowed ...... 9,000

Actual direct labor hours ...........10,000

Labor rate variance .............. $ 5,500 F

a. Compute the standard direct labor rate in January.

b. Compute the labor efficiency variance in January.

c. Prepare the journal entry to accrue direct labor cost and to record the labor variances for January.

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Cost Accounting Foundations and Evolutions

ISBN: 978-1111971724

9th edition

Authors: Michael R. Kinney, Cecily A. Raiborn

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Question Posted: Jun 03, 2014 09:14 AM

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Information on Hanleys direct labor costs for January 2013 is as follows: Actual direct labor rate ...........

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a Since the labor rate variance is favorable the actu...View the full answer

Cost Accounting Foundations and Evolutions

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