Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The standard labour price is $10 per hour. The standard labour hours required per unit are 3. Last month 400 units were produced and 1,500
The standard labour price is $10 per hour. The standard labour hours required per unit are 3. Last month 400 units were produced and 1,500 hours were used. Actual labour cost was $15,750. What are the direct labour price and efficiency variances?
DL price variance: 750 U
DL efficiency variance: 3000 U
Please show all work
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started