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Talbot Companys standard labour cost per unit of output is $22.20 (2 hours $11.10 per hour). During August, the company incurs 2,950 hours of direct
Talbot Companys standard labour cost per unit of output is $22.20 (2 hours $11.10 per hour). During August, the company incurs 2,950 hours of direct labour at an hourly cost of $10.90 per hour in making 1,400 units of finished product. Calculate the total, price, and quantity labour variances.
Total labour variance | $ | Neither favourable nor unfavourableUnfavourableFavourable | |||
Labour price variance | $ | Neither favourable nor unfavourableFavourableUnfavourable | |||
Labour quantity variance | $ |
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