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The following information describes a company's direct labor usage in a recent period. 72,000 15 Actual direct labor hours used (AH) Actual direct labor rate per hour (AR) Standard direct labor rate per hour (SR) Standard direct labor hours for units produced (SH) 14 73,200 AH Actual Hours SH Standard Hours AR = Actual Rate SR Standard Rate Compute the direct labor rate and efficiency variances for the period and classify each as favorable, unfavorable or no variance S

The following information describes a company's direct labor usage in a recent period. 72,000 15 Actual direct labor hours used (AH) Actual direct labor rate per hour (AR) Standard direct labor rate per hour (SR) Standard direct labor hours for units produced (SH) 14 73,200 AH Actual Hours SH Standard Hours AR = Actual Rate SR Standard Rate Compute the direct labor rate and efficiency variances for the period and classify each as favorable, unfavorable or no variance S

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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QS 21-11 Direct labor variances LO P3 The following information describes a company's direct labor usage in a recent period. 72,000 15 Actual direct labor hours used (AH) Actual direct labor rate per hour (AR) Standard direct labor rate per hour (SR) Standard direct labor hours for units produced (SH) 14 73,200 AH = Actual Hours SH Standard Hours AR = Actual Rate SR Standard Rate Compute the direct labor rate and efficiency variances for the period and classify each as favorable, unfavorable or no variance $ $
Transcribed Image Text:QS 21-11 Direct labor variances LO P3 The following information describes a company's direct labor usage in a recent period. 72,000 15 Actual direct labor hours used (AH) Actual direct labor rate per hour (AR) Standard direct labor rate per hour (SR) Standard direct labor hours for units produced (SH) 14 73,200 AH = Actual Hours SH Standard Hours AR = Actual Rate SR Standard Rate Compute the direct labor rate and efficiency variances for the period and classify each as favorable, unfavorable or no variance $ $
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