The below information describes a company's use of direct labor in a recent period. Actual direct labor
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Question:
The below information describes a company's use of direct labor in a recent period.
Actual direct labor hours used (AH) | 65,000 | |
Actual direct labor hourly rate (AR) | ps | 15 |
Standard direct labor hourly rate (SR) | ps | 14 |
Standard hours of direct labor per units produced (SH) | 67,000 | |
AH = Actual Hours
SH = Standard Hours
AR = Actual Rate
SR = Standard Rate
Compute the direct labor rate and efficiency variances for the period, classifying each as favorable or unfavorable.
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Related Book For
Fundamental Accounting Principles
ISBN: 978-0078110870
20th Edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
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