The director of cost management for Portland Instrument Corporation compares ea ch month's actual results with a monthly plan. The standard directlabor rates for the vearjust ended and the standard hours allowed, given the actual output in April, are shown in the following schedule. Standard Direct Standard DirectLabor Hours Labor Rate per Hour Allowed, Given April Output Labor class III $25.20 2,286 Labor class II 22.20 2,288 Labor class I 16.26 2,286 A new union contract negotiated in March resulted in actual wage rates that differed from the standard rates. The actual direct-labor hours worked and the actual directlabor rates per hour experienced for the month of April were as follows: Actual Direct Labor Rate per Actual D1rect Labor Hours Hour Labor class III 522.88 2,388 Labor class II 23.78 2,588 Labor class I 17.48 1,958 Required: 1-a. Compute the directlabor rate variance for each labor class for the month of April. 1-b. Compute the directlabor efciency variance for each labor class for the month of April. 2. Which of the following could be considered an advantage of using a standardcosting system in which the standard directlabor rates are not changed during the year to reect such events as a new labor contract? Complete this question by entering your answers in the labs below. Req 1A Req IB Reg 2 Compute the direct-labor rate variance for each labor class for the month oprn'l. (Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select \"None" and enter "0" for no effect (i.e., zero variance).) Total The director of cost management for Portland Instrument Corporation compares each month's actual results with a monthly plan. The standard directlabor rates for the yearjust ended and the standard hours allowed, given the actual output in April, are shown in the following schedule. Standard Direct Standard DirectLabor Hours Labor Rate per Hour Allowed, Given April Output Labor class III $25.20 2,280 Labor class II 22.20 2,206 Labor class I 16.26 2,2M A new union contract negotiated in March resulted in actual wage rates that d'rl'fered from the standard rates. The actual direct-labor hours worked and the actual directlabor rates per hour experienced for the month of April were as follows: Actual Direct Labor Rate per Actual D1rect La bor Hou rs Hour Labor class III $2?.BB 2,388 Labor class II 23.?8 2,598 Labor class I 17.48 1,958 Required: 1-a. Compute the directlabor rate variance for each labor class for the month of April. 1-b. Compute the directlabor efciency variance for each labor class for the month of April. 2. Which of the following could be considered an advantage of using a standardcosting system in which the standard directlabor rates are not changed during the year to reect such events as a new labor contract? Complete this question by entering your answers in the labs below. Req 1A Compute the direct-labor et'ficienqrr variance for each labor class for the month of April. (Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter '0" for no effect (i.e., zero variance).) Total The director of cost management for Portland Instrument Corporation compares each month's actual results with a monthly plan. The standard directlabor rates for the vearjust ended and the standard hours allowed, given the actual output in April, are shown in the following schedule. Standard Direct Standard DirectLabor Hours Labor Rate per Hour Allowed, Given April Output Labor class III $25.29 2,280 Labor class II 22.29 2,290 Labor class I 16.29 2,290 A new union contract negotiated in March resulted in actual wage rates that differed from the standard rates. The actual direct-labor hours work ed and the actual directlabor rates per hour experienced for the month of April were as follows: Actual Direct Labor Rate per Actual D1rec't Labor Hours Hour Labor class III $2188 2,388 Labor class II 23.\"! 2,588 Labor class I 13.48 1,958 Required: 1-a. Compute the directlabor rate variance for ea ch labor class for the month of April. 1-b. Compute the direct-labor efciencyr variance for each labor class for the month of April. 2. Which of the following could be considered an advantage of using a standard c osting system in which the standard directlabor rates are not changed during the year to reect such events as a new labor contract? Complete this question by entering your answers in the labs below. Req 1A Reg 13 Reg 2 which of the following could be considered an advantage of using a standardcosting system in which the standard direct labor rates are not changed during the year to reect such events as a new labor contract? (Select "Yes" if the listed item can be considered an advantage of using a standard-ousting system, and "No" if it is not.) Computerfclerical costs of implementing a change will not be incurred. Actual operating results will be compared to a previously approved standard The credibility of the directlabor valiances will be maintained. The noncontrollable portion of the directlabor van' anoes will decrease