James has the following information regarding his use of direct labor in a recent period: Total direct
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Question:
James has the following information regarding his use of direct labor in a recent period:
| Total direct labor hours worked (AQ) | 30,000 |
| Total units manufactured | 8,000 |
| Real hourly wage rate (AP) | $16 |
| Standard cost data: | |
| Hourly wage rate (SP) | $18 |
Standard hours per unit are 4 |
Required :
1. Calculate the labor efficiency variance for the period.
2. Calculate the labor rate variance for the period.
Expert Answer:
PART1 Units manufactured Multiply Standard direct labor hours per unit Answer Total standard hours ... 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
Posted Date:
