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For the month of April, Thorp Co.'s records disclosed the following data relating to direct labor: Actual costs $10,000 Rate variance 2,000 favorable Efficiency variance
For the month of April, Thorp Co.'s records disclosed the following data relating to direct labor:
Actual costs | $10,000 |
Rate variance | 2,000 favorable |
Efficiency variance | 2,500 unfavorable |
Standard cost | $9,500 |
For the month of April, actual direct labor hours amounted to 2,000. In April, Thorp's standard direct labor rate per hour was
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