Saved Help Sa Required information The following information applies to the ques

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Saved Help Sa Required information The following information applies to the questions displayed below. A manufactured product has the following information for June. Standard 44,500 1bs. $8.10 per lb. Direct materials Direct labor Overhead Units manufactured (5 lbs. $8 per lb.) (2 hrs. $16 per hr. 17,300 hrs. $16.50 per hr. (2 hrs. $11 per hr.) $199, 600 8,800 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

Explanation / Answer

Direct labour variance :

Actual Cost standard cost AH AR AH*AR AH SR AH*SR SH SR SH*SR 17300 16.50 285450 17300 16 276800 17600 16 281600 8650 4800 Direct labour rate variance 8650 Unfavorable Direct labour efficiency variance 4800 Favorable Direct labour cost variance 3850 Unfavorable

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