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Required information Skip to question [The following information applies to the questions displayed below.] A manufactured product has the following information for June. Standard Actual
Required information
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[The following information applies to the questions displayed below.] A manufactured product has the following information for June.
| Standard | Actual | |||
| Direct materials | (6 lbs. @ $8 per lb.) | 52,800 | lbs. @ $8.20 per lb. | |
| Direct labor | (3 hrs. @ $16 per hr.) | 25,800 | hrs. @ $16.50 per hr. | |
| Overhead | (3 hrs. @ $12 per hr.) | $ | 319,100 | |
| Units manufactured | 8,700 | |||
Compute the direct labor rate variance and the direct labor efficiency variance. Indicate whether each variance is favorable or unfavorable. AH = Actual Hours SH = Standard Hours AR = Actual Rate SR = Standard Rate
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