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The standard cost of product 5252 includes 1.9 hours of direct labor at $13.20 per hour. The predetermined overhead rate is $22.00 per direct labor
The standard cost of product 5252 includes 1.9 hours of direct labor at $13.20 per hour. The predetermined overhead rate is $22.00 per direct labor hour. During July, the company incurred 4,000 hours of direct labor at an average rate of $13.40 per hour and $82,600 of manufacturing overhead costs. It produced 2,000 units. (a) Compute the total, price, and quantity variances for labor. Total labor variance Labor price variance Labor quantity variance (b) $ I Total overhead variance $ Compute the total overhead variance.
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