Homework 11 Exercise 15-12 (Static) Performance reporting and flexible budgeting LO 4,5 For the stamping department of a manufacturing firm, the standard cost for direct laboris 515 per hour, and the production standard calls for 1000 stampings per hour. During February, 198 hours were required for actual production of 186.000 stampings. Actual direct labor cost for the stamping department for June was $3.168. Required: a. Complete the following performance report for February b. Calculate the direct labor efficiency and rate variances for February c. Reporting the efficiency and rate variances to the appropriate managers could improve control over the stamping department's direct labor Complete this question by entering your answers in the tabs below. Required A Required B Required Complete the following performance report for February (Indicate the effect of each variance by selecting "U" for unfavorable, and "None" for no effect (le, zere variance).) for favorable Actual Variance Direct labor S Flexed Budget 2 ,790 Required B > Homework 11 Exercise 15-12 (Static) Performance reporting and flexible budgeting LO 4,5 For the stamping department of a manufacturing firm, the standard cost for direct laboris $15 per hour, and the production standard Calls for 1.000 stampings per hour. During February, 198 hours were required for actual production of 186,000 stampings. Actual direct labor cost for the stamping department for June was $3,168 Required: a. Complete the following performance report for February b. Calculate the direct labor efficiency and rate variances for February c. Reporting the efficiency and rate variances to the appropriate managers could improve control over the stamping departments direct labor Complete this question by entering your answers in the tabs below. Required A Required B Required for Calculate the direct labor effidency and rate variances for February (Indicate the effect of each variance by selecting favorable for unfavorable, and None for no effect ( ero variance).) Direct labor efficiency variance Direct labor rate variance Homework 11 Exercise 15-12 (Static) Performance reporting and flexible budgeting LO 4,5 For the stamping department of a manufacturing firm, the standard cost for direct laboris $15 per hour, and the production standard Calls for 1.000 stampings per hour. During February, 198 hours were required for actual production of 186,000 stampings. Actual direct labor cost for the stamping department for June was $3,168 Required: a. Complete the following performance report for February b. Calculate the direct labor efficiency and rate variances for February c. Reporting the efficiency and rate variances to the appropriate managers could improve control over the stamping departments direct labor Complete this question by entering your answers in the tabs below. Required A Required B Required for Calculate the direct labor effidency and rate variances for February (Indicate the effect of each variance by selecting favorable for unfavorable, and None for no effect ( ero variance).) Direct labor efficiency variance Direct labor rate variance