Question: Vaughn Family Instruments makes cellos. During the past year, the comparty made 6,560 cellos even though the budget planned for only 5,710. The company paid
Vaughn Family Instruments makes cellos. During the past year, the comparty made 6,560 cellos even though the budget planned for only 5,710. The company paid its workers an average of $20 per hour, which was $0.50 higher than the standard labor rate. The production manager budgets 4 direct labor hours per cello. During the year, a total of 24,450 direct labor hours were worked. (a) Calculate the direct labor rate and efficiency variances
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