The Benchmark Industries produces Product Z. Direct labor standard input for one output = 0.40 Direct labor - standard cost per input = $14.50 Actual Results Category Units of output Labor costs Value 8,000 $42,840 Labor hours of input 3,120 Actual price per hour $13.75 a. What is the manufacturing direct labor price variance? b. What is the manufacturing direct labor efficiency variance?

The Benchmark Industries produces Product Z. Direct labor standard input for one output = 0.40 Direct labor - standard cost per input = $14.50 Actual Results Category Units of output Labor costs Value 8,000 $42,840 Labor hours of input 3,120 Actual price per hour $13.75 a. What is the manufacturing direct labor price variance? b. What is the manufacturing direct labor efficiency 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

Chapter18: Pricing And Profitability Analysis

Section: Chapter Questions

Problem 19E: Data for Torleson Company are as follows: Required: 1. Calculate the sales price variance. 2....

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