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The Russell Company provides the following standard cost data per unit of product Direct material (3 gallons @ $5 per gallon) Direct labor (2 hours
The Russell Company provides the following standard cost data per unit of product
Direct material (3 gallons @ $5 per gallon)
Direct labor (2 hours @ $12 per hour)
During the period, the company produced and sold 26,000 units, incurring the following costs:
Direct material 81,000 gallon @ 4.99 per gallon
Direct labor 52,5000 hours @ $11.75 per hour
The direct labor price variance was :
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