Question
Please help with this question. Thx Sunker Company manufactures couches by hand. Sunker budgeted to make 42,000 couches during 2021 but ended up making 46,000
Please help with this question. Thx
Sunker Company manufactures couches by hand. Sunker budgeted to make 42,000 couches during 2021 but ended up making 46,000 couches. The actual hours spent in manufacturing during 2021 were 322,000 hours while the original static budget set the standard hours at 252,000 hours. Sunker spent a total of $2,737,000 on direct labor during 2021. The standard price/rate of labor was set at $9.00/hour.
Instructions: Prepare a detailed calculation of the
(a) direct labor price/rate variance
(b) direct labor quantity/time variance
(c) total direct labor cost variance
MUST SHOW ALL YOUR WORK!
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