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The following direct labor data pertain to the operations of Novak Corp. for the month of November: Actual labor rate $12.25 per hr. Actual hours
The following direct labor data pertain to the operations of Novak Corp. for the month of November:
Actual labor rate | $12.25 per hr. | ||
Actual hours used | 19,320 | ||
Standard labor rate | $12.00 per hr. | ||
Standard hours allowed | 18,200 |
Calculate the labor variances. Identify whether each variance is favorable or unfavorable.
Labor Price Variance | $enter a dollar amount | select an option UnfavorableNot ApplicableFavorable | ||
---|---|---|---|---|
Labor Quantity Variance | $enter a dollar amount | select an option FavorableUnfavorableNot Applicable | ||
Total Labor Variance | $enter a dollar amount | select an option Not ApplicableUnfavorableFavorable |
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