During the month, 1,200 units of Topo were produced. Actual direct labor required was 650 direct labor

Question:

During the month, 1,200 units of Topo were produced. Actual direct labor required was 650 direct labor hours at an actual total cost of $6,370. According to the standard cost card for Topo, half an hour of labor should be required per unit of Topo produced, at a standard cost of $ 10 per labor hour.
Required:
Compute the labor rate and efficiency variances, indicating whether the variances are favorable or unfavorable.
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Cost Accounting

ISBN: 978-0759338098

14th edition

Authors: William K. Carter

Question Posted: