Information regarding Maxwell's direct labor cost for the month of January follows: Direct labor hourly rate...
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Information regarding Maxwell's direct labor cost for the month of January follows: Direct labor hourly rate paid Total standard direct labor hours for units. produced this period Direct labor hours actually worked. Direct labor rate variance $ 30.40 1. Standard direct labor rate per hour 2. Direct labor efficiency variance 12,900 12,700 $ 17,900 favorable Required: 1. Compute the standard direct labor wage rate per hour in January. (Round your answer to 2 decimal places.) 2. Compute the direct labor efficiency variance for January. Was this variance favorable or unfavorable? (Do not round intermediate calculations. Round your answer to the nearest whole dollar amount.) Information regarding Maxwell's direct labor cost for the month of January follows: Direct labor hourly rate paid Total standard direct labor hours for units. produced this period Direct labor hours actually worked. Direct labor rate variance $ 30.40 1. Standard direct labor rate per hour 2. Direct labor efficiency variance 12,900 12,700 $ 17,900 favorable Required: 1. Compute the standard direct labor wage rate per hour in January. (Round your answer to 2 decimal places.) 2. Compute the direct labor efficiency variance for January. Was this variance favorable or unfavorable? (Do not round intermediate calculations. Round your answer to the nearest whole dollar amount.)
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To solve for the two required items 1 Compute the standard direct labor wage rate per hour The standard direct labor wage rate per hour is calculated ... View the full answer
Related Book For
Cost management a strategic approach
ISBN: 978-0073526942
5th edition
Authors: Edward J. Blocher, David E. Stout, Gary Cokins
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