helppppppp Test 3 Saved Help Save & Exit Submit Required information The followi

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helppppppp

Test 3 Saved Help Save & Exit Submit Required information The following information applies to the questions displayed below A manufactured product has the following information for June of 3 Standard Actual 57,300 1bs. $7.10 per ib Direct materials Direct labor Overhead Unit manufactured (7 lbs. (3 hrs. (3 hrs. s11 per hr.) $273,200 $7 per lb.) si6 per hr.) 24,000 hrs. e s16.50 per hr 0:53:27 8,100 AH Actual Hours SH- Standard Hours AR = Actual Rate SR = Standard Rate Compute the direct labor rate variance and the direct labor efficiency variance. Indicate whether each variance is favorable or unfavorable Standard Cost SR Actual Cost SR AH AR AH 5 16.50 24,000 ??? | Next B of 9-06 PM K Preym

Explanation / Answer

Ans. Actual Cost Standard cost AH X AR AH X SR SH X SR 24000 X 16.5 24000 X 16 24300 X 16 396000 384000 388800 Direct labor rate variance   =   384000 - 396000                      = -12000 Unfavorable Direct labor efficiency variance   = 388800 - 384000             = 4800 Favorable Total Direct labor variance = 388800 - 396000                        =    -7200 Unfavorable *Calculation of Standard hours (SH): SH =   units manufactured * 3 hours 8100 * 3 24300

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