The standards for product G78V specify 4.8 direct labor-hours per unit at $13.00 per direct labor-hour. Last

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The standards for product G78V specify 4.8 direct labor-hours per unit at $13.00 per direct labor-hour. Last month 1,670 units of product G78V were produced using 8,050 direct labor-hours at a total direct labor wage cost of $95,220.

Required:

a). What was the labor rate variance for the month?

b). What was the labor efficiency variance for the month?

Related Book For answer-question

Accounting

ISBN: 978-1285743615

26th edition

Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac

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Posted Date: Jan 18, 2021 07:19 AM

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The standards for product G78V specify 4.8 direct labor-hours per unit at $13.00 per direct labor-hour. Last

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Accounting

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