1. The standard labor rate per hour is $17.50. The standard labor-hours allowed per unit of finished...
Question:
1. The standard labor rate per hour is $17.50. The standard labor-hours allowed per unit of finished goods is 3 hours. The actual quantity of labor hours worked during the period was 44,600 hours. The total actual direct labor cost for the period was $726,000. The company produced 15,000 units of finished goods during the period.
What is the labor efficiency variance?
2. The variable portion of the predetermined overhead rate is $1.40 per direct labor-hour. The standard labor-hours allowed per unit of finished goods is 3 hours. The actual quantity of labor hours worked during the period was 44,000 hours. The total actual variable manufacturing overhead cost for the period was $63,000. The company produced 15,000 units of finished goods during the period.
What is the variable overhead efficiency variance?
Accounting
ISBN: 978-1285743615
26th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac