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Require [The following information applies to the questions displayed below.] A manufactured product has the following information for June. Direct materials. Direct labor Overhead Units
Require [The following information applies to the questions displayed below.] A manufactured product has the following information for June. Direct materials. Direct labor Overhead Units manufactured AH = Actual Hours SH Standard Hours AR Actual Rate SR Standard Rate Compute the direct labor rate variance and the direct labor efficiency variance. (Indicate the effect of each variance by selecting for Favorable, unfavorable, and no variance. Round "Rate per hour" answers to 2 decimal places.) AH Actual Cost 51,000 X X $ 867,000 Standard 6 lbs. @ $8 per lb. 2 hrs. @ $17 per hr. 2 hrs. @ $12 per hr. Direct labor rate variance Direct labor efficiency variance Total direct labor variance AR $ 17.00 $ 0 $ Actual 51,000 lbs. @ $8.10 per lb. 16,500 hrs. @ $17.60 per hr. $208,600 8,400 0 0 $ 0 Standard Cost
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