For the stamping department of a manufacturing firm, the standard cost for direct labor is $18 per hour, and the production standard calls for 2,600 stampings per hour. During February, 150 hours were required for actual production of 382,200 stampings. Actual direct labor cost for the stamping department for June was $2,775.

1. Required:Complete the following performance report for February:

Flexed Budget???

Actual Budget???

Variance???

1. Calculate the direct labor efficiency and rate variances for February.

Direct Labor Efficiency???

Direct Labor Variance???

1. Reporting the efficiency and rate variances to the appropriate managers could improve control over the stamping department's direct labor.