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Calculate the labour price and quantity variances. Labour price variance: $ Labour quantity variance: 4536 Unfavourable 14728 Unfavourable Blue Spruce Company's standard labour cost of producing one unit of product DD is 4 hours at the rate of $12.75 per hour. During August, 45,360 hours of labour are incurred at a cost of $13.05 per hour to produce 11,200 units of product DD.

Calculate the labour price and quantity variances. Labour price variance: $ Labour quantity variance: 4536 Unfavourable 14728 Unfavourable Blue Spruce Company's standard labour cost of producing one unit of product DD is 4 hours at the rate of $12.75 per hour. During August, 45,360 hours of labour are incurred at a cost of $13.05 per hour to produce 11,200 units of product DD.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Calculate the labour price and quantity variances. Labour price variance: $ Labour quantity variance: 4536 Unfavourable 14728 Unfavourable
Transcribed Image Text:Calculate the labour price and quantity variances. Labour price variance: $ Labour quantity variance: 4536 Unfavourable 14728 Unfavourable
Blue Spruce Company's standard labour cost of producing one unit of product DD is 4 hours at the rate of $12.75 per hour. During August, 45,360 hours of labour are incurred at a cost of $13.05 per hour to produce 11,200 units of product DD.
Transcribed Image Text:Blue Spruce Company's standard labour cost of producing one unit of product DD is 4 hours at the rate of $12.75 per hour. During August, 45,360 hours of labour are incurred at a cost of $13.05 per hour to produce 11,200 units of product DD.
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