Question
A company reports the following information for its direct labor. Actual hours of direct labor used (AH) 70,000 Actual rate of direct labor per hour
A company reports the following information for its direct labor.
| Actual hours of direct labor used (AH) | 70,000 |
|---|---|
| Actual rate of direct labor per hour (AR) | $ 16 |
| Standard rate of direct labor per hour (SR) | $ 14 |
| Standard hours of direct labor for units produced (SH) | 71,100 |
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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Computer Accounting With QuickBooks Online
Authors: Donna Kay
3rd Edition
1264127278, 9781264127276
