Exercise 11 6 Lewis Companys standard labor cost of producing one unit of Product DD is3 9hours at the rate of $10 0per hour During August,41,200hours of labor are incurred at a cost of $10 20per hour to produce10,500units of Product DD (a) Compute the total labor variance Total labor variance $ Neither favorable nor unfavorableFavorableUnfavorable (b) Compute the labor price and quantity variances Labor price variance $ Neither favorable nor unfavorableFavorableUnfavorable Labor quantity variance $ FavorableNeither favorable nor unfavorableUnfavorable (c) Compute the labor price and quantity variances, assuming the standard is4 2hours of direct labor at $10 40per hour Labor price variance $ UnfavorableFavorableNeither favorable nor unfavorable Labor quantity variance $ FavorableUnfavorableNeither favorable nor unfavorable

Question

Exercise 11 6 Lewis Companys standard labor cost of producing one unit of Product DD is3 9hours at the rate of $10 0per hour  During August,41,200hours of labor are incurred at a cost of $10 20per hour to produce10,500units of Product DD  (a) Compute the total labor variance  Total labor variance $ Neither favorable nor unfavorableFavorableUnfavorable (b) Compute the labor price and quantity variances  Labor price variance $ Neither favorable nor unfavorableFavorableUnfavorable Labor quantity variance $ FavorableNeither favorable nor unfavorableUnfavorable (c) Compute the labor price and quantity variances, assuming the standard is4 2hours of direct labor at $10 40per hour  Labor price variance $ UnfavorableFavorableNeither favorable nor unfavorable Labor quantity variance $ FavorableUnfavorableNeither favorable nor unfavorable

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Question

Exercise 11-6 Lewis Companys standard labor cost of producing one unit of Product DD is3.9hours at the rate of $10.0per hour. During August,41,200hours of labor

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Labor price variance	$	Neither favorable nor unfavorableFavorableUnfavorable
Labor quantity variance	$	FavorableNeither favorable nor unfavorableUnfavorable

Labor price variance	$	UnfavorableFavorableNeither favorable nor unfavorable
Labor quantity variance	$	FavorableUnfavorableNeither favorable nor unfavorable