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Marv Company's direct labor costs for manufacturing its only product were as follows for October: Standard direct labor hours per unit of product 2 Budgeted
Marv Company's direct labor costs for manufacturing its only product were as follows for October:
Standard direct labor hours per unit of product | 2 |
Budgeted finished units for the period | 6,000 |
Number of finished units produced | 5,000 |
Standard rate per direct labor hour (SP) | $20 |
Direct labor costs incurred | $207,000 |
Actual wage rate per direct labor hour (AP) | $18 |
1. The direct labor efficiency variance for October was:
2. The direct labor rate variance for October was:
3. The total direct labor variance for October was:
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