Question
Use the following information for the Exercises below. Skip to question [The following information applies to the questions displayed below.] A manufactured product has the
Use the following information for the Exercises below.
Skip to question
[The following information applies to the questions displayed below.] A manufactured product has the following information for June.
| Standard | Actual | |||
| Direct materials | 6 lbs. @ $8 per lb. | 48,500 | lbs. @ $8.10 per lb. | |
| Direct labor | 2 hrs. @ $16 per hr. | 15,700 | hrs. @ $16.50 per hr. | |
| Overhead | 2 hrs. @ $12 per hr. | $ | 198,000 | |
| Units manufactured | 8,000 | |||
Exercise 23-10 Direct labor variances LO P3
Compute the direct labor rate variance and the direct labor efficiency variance. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance. Round "Rate per hour" answers to 2 decimal places.) AH = Actual Hours SH = Standard Hours AR = Actual Rate SR = Standard Rate
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Financial Accounting Tools for business decision making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
6th Edition
978-1119191674, 047053477X, 111919167X, 978-0470534779
