Required information Use the following information for the Exercises below [The

Question

Required information Use the following information for the Exercises below [The following information applies to the questions displayed below. A manufactured product has the following information for June. Standard Actual 46,000 lbs.$8.20 per b. Direct materials Direct labor Overhead Units manufactured (6 lbs. $8 per b.) (2 hrs. $17 per hr.)15,000 hrs. $17.60 per hr. (2 hrs. $12 per hr $188,700 7,600 Exercise 21-10 Direct labor variances LO P2 Compute the direct labor rate variance and the direct labor efficiency variance. Indicate whether each variance is favorable or unfavorable. AH- Actual Hours SH Standard Hours AR- Actual Rate SR Standard Rate Actual Cost Standard Cost

Explanation / Answer

Actual Cost $9,000 ($3,400) Standard Cost AH AR AH SR SH SR 15,000 $17.60 15,000 $17.00 15,200 $17.00 $264,000 $255,000 $258,400 $9,000 $3,400 Standard hours 2hrs per unit * 7600 units 15200 Direct labor rate variance $9,000 Unfavorable Direct labor efficiency variance $3,400 Favorable Total direct labor variance $5,600 Unfavorable

Related Questions

Navigate

• Browse (All)
• Browse R
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.