Question
The following direct labor data pertain to the operations of Murray Industries for the month of November: Standard labor rate $10.00 per hr. Actual hours
The following direct labor data pertain to the operations of Murray Industries for the month of November:
|
| Standard labor rate | $10.00 per hr. |
|
| Actual hours incurred | 12,000 |
The standard cost card shows that 2.5 hours are required to complete one unit of product. The actual labor rate incurred exceeded the standard rate by 10%. Four thousand units were manufactured in November.
Instructions
| (a) | Calculate the labor quantity variances. |
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Auditing Theory And Practice
Authors: Roger H. Hermanson
1st Edition
0256023301, 978-0256023305
