complete the standard cost

Exercise 08-16 Computing and interpreting labor variances LO P3 Javonte Co, set standards of 3 hours of direct labor per unit of product and $15 per hour for the labor rate. During October, the company uses 16.250 hours of direct laborat a $247,000 total cost to produce 5.600 units of product. In November, the company uses 22,000 hours of direct laborat a $335,500 total cost to produce 6.000 units of product. AH-Actual Hours SH - Standard Hours AR - Actual Rate SR - Standard Rate (1) Compute the direct labor rate variance, the direct labor efficiency variance and the total direct labor cost variance for each of these two months Classify each variance as favorable or unfavorable. (2) Javonte investigates variances of more than 5% of actual direct labor cost Which direct labor variances will the company investigate further Answer is not complete. Complete this question by entering your www Investigate further Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the direct labor rate variance, the direct labor efficiency variance, and the total direct labor cost variance for each of these two months. Classify each variance as favorable or unfavorable. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance) October Achial Cost Standard Cont AH 16250 X X AR $15.20 AH 16, 250 SH SRO $ 15.00 SR x 15 247,000 243750 $ 3.250 5 . 3.250 Direct labore variance Direct labor efficiency variance Total direct labor variance OOO 0 Unfavorable Favorable Favorable GOO November Standard Cont Actual Cost 22.000 AR 515.25 AH 22000 SH SR $15.00 SR x 335500 330.000 $5.500 Directorate vanane Dired tabor efficiency Variance Total director variance OOO 5.500 . Unfavorable Unfavorable Unfavorable OOO Required 2)