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Required information [The following information applies to the questions displayed below.] A manufactured product has the following information for June. Standard Quantity and Cost 6
Required information [The following information applies to the questions displayed below.] A manufactured product has the following information for June. Standard Quantity and Cost 6 pounds @ $8 per pound 2 DLH @ $15 per DLH 2 DLH @ $12 per DLH Direct materials Direct labor Overhead Units manufactured Compute the (1) direct labor rate variance and (2) direct labor efficiency variance. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "Rate per hour" answers to 2 decimal places.) AH = Actual Hours SH= Standard Hours AR Actual Rate SR Standard Rate Actual Cost $ 0 $ Actual Results 47,900 pounds @ $8.10 per pound 15,500 hours @ $15.60 per hour $ 196,200 7,900 units 0 0 $ 0 Standard Cost
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