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Mordica Companys standard labor cost per unit of output is $19.00 (1.90 hours x $10.00 per hour). During August, the company incurs 2,090 hours of
Mordica Companys standard labor cost per unit of output is $19.00 (1.90 hours x $10.00 per hour). During August, the company incurs 2,090 hours of direct labor at an hourly cost of $11.00 per hour in making 1,000 units of finished product. Compute the total, price, and quantity labor variances. (Round answers to 2 decimal places, e.g. 52.75.)
Total labor variance | $enter a dollar amount rounded to 2 decimal places | select an option UnfavorableFavorableNeither favorable nor unfavorable | ||
---|---|---|---|---|
Labor price variance | $enter a dollar amount rounded to 2 decimal places | select an option Neither favorable nor unfavorableUnfavorableFavorable | ||
Labor quantity variance | $enter a dollar amount rounded to 2 decimal places | select an option UnfavorableNeither favorable nor unfavorableFavorable |
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