Refer to the information in Exercise 23-8 and compute the (1) Direct labor rate variance and (2)

Question:

Refer to the information in Exercise 23-8 and compute the 

(1) Direct labor rate variance and 

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


Data From Exercise 23-8

A manufactured product has the following information for June. 

(1) Prepare the standard cost card showing standard cost per unit. 

(2) Compute total budgeted cost for June production. 

(3) Compute total actual cost for June production. 

(4) Compute total cost variance for June, and indicate whether the variance is favorable or unfavorable.

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