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The standard cost of product 5252 includes 1.90 hours of direct labor at $15.70 per hour. The predetermined overhead rate is $22.00 per direct labor
The standard cost of product 5252 includes 1.90 hours of direct labor at $15.70 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 $16.00 per hour and $81,500 of manufacturing overhead costs. It produced 2,000 units.
Compute the total, price, and quantity variances for labor.
Total labor variance | $enter a dollar amount | select an option FavorableNeither favorable nor unfavorableUnfavorable | ||
---|---|---|---|---|
Labor price variance | $enter a dollar amount | select an option Neither favorable nor unfavorableFavorableUnfavorable | ||
Labor quantity variance | $enter a dollar amount | select an option UnfavorableFavorableNeither favorable nor unfavorable |
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Compute the total overhead variance.
Total overhead variance | $enter the total overhead variance in dollars | select an option UnfavorableNeither favorable nor unfavorableFavorable |
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