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Information for a company's production activities for this year follows. Standard quantity and price per unit for direct materials Standard quantity and rate per unit
Information for a company's production activities for this year follows.
Standard quantity and price per unit for direct materials Standard quantity and rate per unit for direct labor Actual direct materials used
Actual direct labor used
Actual units produced
Actual Hours Actual Quantity
Standard Hours Standard Quane
Actual Rate Actual Price
Standard Rate Standard Price
pounds at $ per pound
hours at $ per hour pounds at $ per pound hours at $ per hour units
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Calculate the direct labor rate and efficiency variances. Indicate whether each is favorable or unfavorable. Note: Indicate the effect of each variance by selecting favorable, Unfavorable, or no variance.
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