Question
A company reports the following information for its direct labor. Actual hours of direct labor used (AH) 55,000 Actual rate of direct labor per hour
A company reports the following information for its direct labor.
| Actual hours of direct labor used (AH) | 55,000 |
|---|---|
| Actual rate of direct labor per hour (AR) | $ 15 |
| Standard rate of direct labor per hour (SR) | $ 14 |
| Standard hours of direct labor for units produced (SH) | 56,500 |
AH = Actual Hours SH = Standard Hours AR = Actual Rate SR = Standard Rate Compute the direct labor rate and efficiency variances and identify each as favorable or unfavorable.
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International Finance A Practical Perspective
Authors: Adrian Buckley
1st Edition
0273731866, 9780273731863
