Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please help me i will give you thumbs up!!! Exercise 21-16 (Algo) Computing and analyzing direct labor variances LO P3 Javon Company set standards of

please help me i will give you thumbs up!!!
image text in transcribed
image text in transcribed
Exercise 21-16 (Algo) Computing and analyzing direct labor variances LO P3 Javon Company set standards of 2 hours of direct labor per unit at a rate of $16.30 per hour. During October, the company actually uses 13,200 hours of direct labor at a $217,800 total cost to produce 6,900 units. In November, the company uses 17,200 hours of direct labor at a $284,660 total cost to produce 7,300 units of product. AH=ActuaiHoursSH=StandardHoursAR=ActualRateSR=StandardRate (1) Compute the direct labor rate variance, the direct labor efficiency variance, and the total direct labor variance for each of these two (2) Javon investigates variances of more than 5% of actual direct labor cost. Which direct labor variances will the company investigate months. further? Complete this question by entering your answers in the tabs below. Compute the direct labor rate variance, the direct labor efficiency variance, and the total direct labor variance for each of these two months. effect of each variance by selecting favorable, unfavorable, or no variance.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions