Bonita Company's standard labour cost per unit of output is $22.20 (2 hours x $11.10 per hour). During August, the company incurs 1,720 hours of direct labour at an hourly cost of $10.90 per hour in making 800 units of finished product. Calculate the total, price, and quantity labour variances. (Round per unit calculations to 2 decimal places, e.g. 1.25 and final answers to O decimal places, e.g. 125.) Total labour variance $ Labour price variance $ Labour quantity variance $
Bonita Company's standard labour cost per unit of output is $22.20 (2 hours x $11.10 per hour). During August, the company incurs 1,720 hours of direct labour at an hourly cost of $10.90 per hour in making 800 units of finished product. Calculate the total, price, and quantity labour variances. (Round per unit calculations to 2 decimal places, e.g. 1.25 and final answers to O decimal places, e.g. 125.) Total labour variance $ Labour price variance $ Labour quantity variance $
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter2: Basic Cost Management Concepts
Section: Chapter Questions
Problem 21E: Ellerson Company provided the following information for the last calendar year: During the year,...
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