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. Actual 55,900 1bs. B.20 per 1. 15,500 hrs. $16.50 per hr. Standard Direct materials Direct labor Overhead Units nanufactured 7 lbs. $8 per ib. (2 hrs. e $16 per hr.) (2 hrs. $12 per hr.) 195,000 7,900 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 favo unfavorable AH- Actual Hours SH Standard Hours AR Actual Rate SR Standard Rate

Explanation / Answer

Direct labour variance :

Actual cost Standard cost AH AR AH*AR AH SR AH*SR SH SR SH*SR 15500 16.50 255750 15500 16 248000 15800 16 252800 7750 4800 Labour rate variance 7750 Unfavorable Labour efficiency variance 4800 Favorable Total labour variance 2950 Unfavorable

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