Question: Johnson Controls has established Direct Labor Standards for the production of a smart home thermostat. According to the Direct Labor Standard it should take 15

Johnson Controls has established Direct Labor Standards for the production of

Johnson Controls has established Direct Labor Standards for the production of a smart home thermostat. According to the Direct Labor Standard it should take 15 minutes to produce a thermostat. Standard pay is $22.00 per hour. For the 4.000 thermostats produced in May 2020, Johnson Control's actual labor cost for May was $22,540, for 980 actual labor hours. Use the space below to compute the Labor Rate Efficiency, the Labor Efficiency Variance, and the Labor Spending Variance. Be sure to identify if the variance is favorable (F) or unfavorable (U)

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