What would the labor efficiency variance Mona Lisa Industries' standard wage rate is$13.40 per direct labor-hour (DLH), and,according to the standards, each unit ofoutput requires 5.2 DLHs. In June, 3,200units were produced, the actual wage ratewas $13.00 per DLH, and the actual hoursworked were 17,000 DLHS. What would theLabor Efficiency Variance for June berecorded as?

Explanation of Labor Efficiency Variance:The Labor Efficiency Variance (LEV) measures the difference…

Answered: Mona Lisa Industries' standard wage…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter8: Standard Costs And Variances

Section: Chapter Questions

Problem 7PB: Marymount Company makes one product. In the month of April, it made 3,500 units. Workers were paid...

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Case made 24,500 units during June, using 32,000 direct labor hours. They expected to use 31,450 hours per the standard cost card. Their employees were paid $15.75 per hour for the month of June. The standard cost card uses $15.50 as the standard hourly rate. A. Compute the direct labor rate and time variances for the month of June, and also calculate the total direct labor variance. B. If the standard rate per hour was $16.00, what would change?
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