Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The following direct labor standards have been established for product E45O: Standard direct labor hours....... 8.2hrs/unit of e45O Standard Direct labor wage rate.... $13.00/hr The

The following direct labor standards have been established for product E45O:

Standard direct labor hours....... 8.2hrs/unit of e45O

Standard Direct labor wage rate.... $13.00/hr The following data pertains to last months operations:

Actual output of e45O...... 1120 units

Actual Direct labor-hours worked.... 9300 hours

Actual direct labor wages paid..... $115,320 Required: a. What was the labor rate variance for the month? b. What was the labor efficiency variance for the month?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Students also viewed these Accounting questions

Question

How do the auditors determine sample size for a substantive test?

Answered: 1 week ago

Question

Evaluate the importance of the employee handbook.

Answered: 1 week ago

Question

Discuss the steps in the progressive discipline approach.

Answered: 1 week ago