32 33 Q7: Our Company's direct labor standard is 3.8 hours per unit for $16.5 per hour or 62.7 per completed unit. 134 Actual direct labor: 249,631 hours $16.40 cost per hour $4,093,948 total cost 135 Actual units completed: 65,700 units 136 137 SHOW and LABEL ALL CALCUALTIONS BELOW 138 a. Calculate the Direct Labor Rate and Efficience Variances 139 140 Actual Direct labor cost Flex. Budget Labor Cost Std Direct Material Cost Po 141 142 DL Efficiency Variance = 143 144 DL Rate Variance = 145 146 147 148 b. Explain what these variances tell you about Our Company. 149 150 Point Point 151 Exam Settings