Question: Refer to the information in Exercise and compute the In exercise A manufactured product has the following information for June. (1) Direct labor rate (2)

Refer to the information in Exercise and compute the
In exercise A manufactured product has the following information for June.

(1) Direct labor rate
(2) Direct labor efficiency variances.
Indicate whether each variance is favorable or unfavorable.

Standard Actual Direct materials. .(6 lbs. Direct labor(2 hrs. Overhead Units manufactured. $8 per lb) 48,500 lbs. $16 per hr 5,700 hrs. $8.10 per lb. $16.50 per hr (2 hrs. @ $12 per h) $198,000 8,000

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