A manufactured product has the following Information for June. Direct labor Overhead Standard Direct materials 6...
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A manufactured product has the following Information for June. Direct labor Overhead Standard Direct materials 6 lbs. @$7 per lb. 2 hrs. @ $16 per hr. 2 hrs. @$11 per hr. Units manufactured Actual 47,900 lbs. @$7.10 per lb. 15,500 hrs. @ $16.40 per hr.. $180,200 7,900 Exercise 21-10 Direct labor variances LO P3 Compute the direct labor rate variance and the direct labor efficiency variance. (Indicate the effect of each varlance by selecting for favorable, unfavorable, and no varlance. Round "Rate per hour" answers to 2 decimal places.) AH = Actual Hours SH Standard Hours AR = Actual Rate SR Standard Rate Actual Cost Standard Cost A manufactured product has the following Information for June. Direct labor Overhead Standard Direct materials 6 lbs. @$7 per lb. 2 hrs. @ $16 per hr. 2 hrs. @$11 per hr. Units manufactured Actual 47,900 lbs. @$7.10 per lb. 15,500 hrs. @ $16.40 per hr.. $180,200 7,900 Exercise 21-10 Direct labor variances LO P3 Compute the direct labor rate variance and the direct labor efficiency variance. (Indicate the effect of each varlance by selecting for favorable, unfavorable, and no varlance. Round "Rate per hour" answers to 2 decimal places.) AH = Actual Hours SH Standard Hours AR = Actual Rate SR Standard Rate Actual Cost Standard Cost
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