Question
Talbot Company's standard labour cost per unit of output is $23.00 (2 hours $11.50 per hour). During August, the company incurs 2,910 hours of direct
Talbot Company's standard labour cost per unit of output is $23.00 (2 hours $11.50 per hour). During August, the company incurs 2,910 hours of direct labour at an hourly cost of $11.30 per hour in making 1,400 units of finished product. Calculate the total, price, and quantity labour variances.
Total labour variance $____? Favourable/UN Favourable/ or none?
Labour price variance$__________? Favourable/UN Favourable/ or none?
Labour quantity variance$_______?Favourable/UN Favourable/ or none?
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Accounting Tools For Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Jill E. Mitchell
8th Edition
1119791057, 978-1119791058
