Oriole Family Instruments makes cellos. During the past year, the company made 6,630 cellos even though...

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Oriole Family Instruments makes cellos. During the past year, the company made 6,630 cellos even though the budget planned for only 5,780. The company paid its workers an average of $20 per hour, which was $0.50 higher than the standard labor rate. The production manager budgets 4 direct labor hours per cello. During the year, a total of 24,840 direct labor hours were worked. (a) Calculate the direct labor rate and efficiency variances. (If variance is zero, select "Not Applicable" and enter 0 for the amounts.) Direct labor rate variance $ Unfavorable Favorable Direct labor efficiency variance $ Not Applicable Oriole Family Instruments makes cellos. During the past year, the company made 6,630 cellos even though the budget planned for only 5,780. The company paid its workers an average of $20 per hour, which was $0.50 higher than the standard labor rate. The production manager budgets 4 direct labor hours per cello. During the year, a total of 24,840 direct labor hours were worked. (a) Calculate the direct labor rate and efficiency variances. (If variance is zero, select "Not Applicable" and enter 0 for the amounts.) Direct labor rate variance $ Unfavorable Favorable Direct labor efficiency variance $ Not Applicable

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Standard rate 1950 per hour Standard hours 4 hour per un... View the full answer