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Talbot Companys standard labour cost per unit of output is $28.00 (2 hours $14.00 per hour). During August, the company incurs 2,550 hours of direct
Talbot Companys standard labour cost per unit of output is $28.00 (2 hours $14.00 per hour). During August, the company incurs 2,550 hours of direct labour at an hourly cost of $13.70 per hour in making 1,200 units of finished product. Calculate the total, price, and quantity labour variances.
Total labour variance | $enter a dollar amount | select a type of the variance FavourableUnfavourableNeither favourable nor unfavourable | |||
---|---|---|---|---|---|
Labour price variance | $enter a dollar amount | select a type of the variance FavourableUnfavourableNeither favourable nor unfavourable | |||
Labour quantity variance | $enter a dollar amount | select a type of the variance UnfavourableFavourableNeither favourable nor unfavourable |
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