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Information regarding Maxwells direct labor cost for the month of January follows: Direct labor hourly rate paid $29.50 Total standard direct labor-hours for units produced
Information regarding Maxwells direct labor cost for the month of January follows:
Direct labor hourly rate paid | $29.50 | ||
Total standard direct labor-hours for units produced this period | 12,000 | ||
Direct labor-hours worked | 11,800 | ||
Direct labor rate variance | $17,000 | favorable | |
Required: |
1. | Compute the standard direct labor wage rate per hour in January. |
2. | Compute the direct labor efficiency variance. |
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