Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A company's standard is 2 hours of direct labor per unit at a rate of $ 4 5 per hour. The company shows the following

A company's standard is 2 hours of direct labor per unit at a rate of $45 per hour. The company shows the following for the year.
Actual units produced
Actual direct labor used
Actual cost of direct labor used
5,120 units
10,040 hours
$471,880
AH= Actual Hours
SH = Standard Hours
AR= Actual Rate
SR= Standard Rate
Complete this question by entering your answers in the tabs below.
Compute the direct labor rate variance, direct labor efficiency variance, and the total direct labor variance. For each variance, indicate whether it is favorable or unfavorable.
Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions

Question

Describe how to train managers to coach employees. page 422

Answered: 1 week ago