Sweatshop has the following details of direct labour used to make tracksuits for July. (a) Standard: 550

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Sweatshop has the following details of direct labour used to make tracksuits for July.

(a) Standard: 550 sweatshirts at 2 hours at £3.50 per hour.

(b) Actual production: 500 sweatshirts at 1,050 hours for £3,780.

Required: LO1 Calculate the:

(i) overall direct labour cost variance

(ii) direct labour price variance

(iii) direct labour quantity variance.

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Accounting For Non Specialists

ISBN: 9780471495727

1st Edition

Authors: Michael Jones

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Question Posted: Jul 15, 2024 01:08 AM

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Sweatshop has the following details of direct labour used to make tracksuits for July. (a) Standard: 550

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Accounting For Non Specialists

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