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The standard cost of product 5252 includes 1.9 hours of direct labor at $17.10 per hour. The predetermined overhead rate is $22 per direct labor
The standard cost of product 5252 includes 1.9 hours of direct labor at $17.10 per hour. The predetermined overhead rate is $22 per direct labor hour. During July, the company incurred 4,000 hours of direct labor at an average rate of $17.40 per hour and $81,900 of manufacturing overhead costs. It produced 2,000 units. (a) Compute the total, price, and quantity variances for labor.
Total labor variance | $enter a dollar amount | select an option UnfavorableFavorableNeither favorable nor unfavorable | ||
---|---|---|---|---|
Labor price variance | $enter a dollar amount | select an option FavorableUnfavorableNeither favorable nor unfavorable | ||
Labor quantity variance | $enter a dollar amount | select an option FavorableUnfavorableNeither favorable nor unfavorable |
(b) Compute the total overhead variance.
Total overhead variance | $enter the total overhead variance in dollars |
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