Given the information from the Flea Tube Company:

units of 18 000 tubes during last month. & Fixed OH costs @ standard rate of $19 per direct labor hour.

Given info for direct labor:

Standard cost: 6 tubes per hour @ $24 an hour

Actual cost per hour: $24.50

Labour efficiency variance: $6720 Favourable

Given info for fixed overhead costs:

Estimated cost = $60,000

Actual cost = $58,720

Questions:

(a) Calculate actual labor hours were worked to produce the 18 000 units of tubes?

(b) Calculate the price variance for direct labor?

(c) Calculate the budget variance for fixed costs?