Question
Gregor has the following information pertaining to its usage of direct labor in a recent period: Total units manufactured 7,200 Total direct labor hours used
- Gregor has the following information pertaining to its usage of direct labor in a recent period:
| Total units manufactured | 7,200 |
| Total direct labor hours used | 22,000 |
| Actual wage rate per hour | $15 |
| Standard wage rate per hour | $14 |
| Standard hours per unit of output | 3 |
A. What is the total $ amount of the direct labor efficiency (or usage, or quantity) variance for the period? Is it favorable or unfavorable?
B. What is the total $ amount of the labor rate variance for the period? Is it favorable or unfavorable?
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Accounting And Auditing A Review Of Practices And Empirical Research Accounting Disclosure Auditing Performance Governance And Gender Diversity
Authors: Tariq H. Ismail
1st Edition
1636486517, 978-1636486512
