For All 4 of These Variance Computations: Please compute both: the amount of the

Q: For All 4 of These Variance Computations: Please compute both: the amount of the

1. Labour rate variance=actual cost-(actual quantity×standard rate ) =10600-(1000×10.20) =400(U) 2. Labour efficiency variance=standard rate-(actual hour -standard hour) ==10.20(1000-(5.4×200)) ==10.20(1000-1080) ==816(F)

ID: 2466830 • Letter: F

Question

For All 4 of These Variance Computations: Please compute both: the amount of the variance and also state if each of the variances is favorable or unfavorable. please show your work to obtain credit on each of the 4 computations. part 2a. The following labor standards have been established for customized wooden desks for universities: The following data pertain to operations concerning customized wooden desks for universities for the last month: 1. Compute the labor rate variance for the month. 2. Compute the labor efficiency variance for the month.

Explanation / Answer

Labour rate variance=actual cost-(actual quantity×standard rate )

=10600-(1000×10.20)

=400(U)

Labour efficiency variance=standard rate-(actual hour -standard hour)

==10.20(1000-(5.4×200))

==10.20(1000-1080)

==816(F)

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For All 4 of These Variance Computations: Please compute both: the amount of the

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