The standard cost of product 2525 includes 2.80 hours of direct labour at $14.05 per hour. The
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Question:
The standard cost of product 2525 includes 2.80 hours of direct labour at $14.05 per hour. The predetermined overhead rate is $21.25 per direct labour hour. During July, the company incurred 6,820 hours of direct labour at an average rate of $14.45 per hour and $140,100 of manufacturing overhead costs. It produced 2,400 units.
(a)
Calculate the total, price, and quantity variances for labour. (Round per unit calculations to 2 decimal places, e.g. 1.25 and final answers to 0 decimal places, e.g. 125.)
Total labour variance | $enter a dollar amount | select an option Neither favourable nor unfavourableUnfavourableFavourable | |||
---|---|---|---|---|---|
Labour price variance | $enter a dollar amount | select an option Neither favourable nor unfavourableUnfavourableFavourable | |||
Labour quantity variance |
Related Book For
Accounting Principles
ISBN: 978-0470533475
9th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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