Question: further break down Direct Labor: Price Variance is calculated as (Actual Rate - Standard Rate) Actual Hours. Here, it is (44 - 40) 6,400 =

further break down Direct Labor: Price Variance is calculated as (Actual Rate - Standard Rate) Actual Hours. Here, it is (44 - 40) 6,400 = -$25,600. Efficiency Variance is calculated as (Actual Hours - Standard Hours) Standard Rate. Here, it is (6,400 - (2,280 4)) * 40 = $108,800. Direct Labor Cost Variance is the sum of Price Variance and Efficiency Variance, which is -$25,600 + $108,800 = $83,200

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