Question
James has the following information pertaining to its usage of direct labor in a recent period: Total direct labor hours worked (AQ) 30,000 Total units
James has the following information pertaining to its usage of direct labor in a recent period:
| Total direct labor hours worked (AQ) | 30,000 |
| Total units manufactured | 8,000 |
| Actual wage rate per hour (AP) | $16 |
| Standard cost data: | |
| Wage rate per hour (SP) | $18 |
| Standard hours per unit 4 Required: 1. Calculate the labor efficiency variance for the period. 2. Calculate the labor rate variance for the period. |
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The Business Innovation Audit
Authors: William Tate
1st Edition
0955970733, 978-0955970733
