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The standard cost of product 2525 includes 2.00 hours of direct labour at $14.00 per hour. The predetermined overhead rate is $22.00 per direct labour
The standard cost of product 2525 includes 2.00 hours of direct labour at $14.00 per hour. The predetermined overhead rate is $22.00 per direct labour hour. During July, the company incurred 4,800 hours of direct labour at an average rate of $14.30 per hour and $98,400 of manufacturing overhead costs. It produced 2,300 units. (a) Calculate the total, price, and quantity variances for labour. $ Unfavourable Total labour variance Unfavourable Labour price variance 2800 Unfavourable Labour quantity variance
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