Question
The flowing information describes a companys usage of direct labor in a recent period: Actual hours used 23,500 Actual rate per hour $15 Standard rate
The flowing information describes a companys usage of direct labor in a recent period:
Actual hours used 23,500
Actual rate per hour $15
Standard rate per hour $14
Standard hours for units produced 22,000
a) What is the direct labor quantity variance?
b) What is the direct labor price variance?
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Management Accounting
Authors: Will Seal, Carsten Rohde, Ray Garrison, Eric Noreen
6th Edition
0077185536, 978-0077185534
