Using the following direct labor information, calculate the direct labor rate variance and the direct labor efficiency variance. Indicat whether each variance is favorable or unfavorable. Standard rate of direct labor Standard hours of direct labor for actual units produced Actual hours of direct labor used Actual rate of direct labor AH Actual Hours SH Standard Hours AR Actual Rate SR Standard Rate Actual Cost $ 0 Note: Indicate the effect of the variance by selecting favorable, unfavorable, or no variance. $ $ $ 70 per hour 0 0 12, 280 12,750 $73 per hour $ 0 Standard Cost
Using the following direct labor information, calculate the direct labor rate variance and the direct labor efficiency variance. Indicat whether each variance is favorable or unfavorable. Standard rate of direct labor Standard hours of direct labor for actual units produced Actual hours of direct labor used Actual rate of direct labor AH Actual Hours SH Standard Hours AR Actual Rate SR Standard Rate Actual Cost $ 0 Note: Indicate the effect of the variance by selecting favorable, unfavorable, or no variance. $ $ $ 70 per hour 0 0 12, 280 12,750 $73 per hour $ 0 Standard Cost
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Rahul
Transcribed Image Text:Using the following direct labor information, calculate the direct labor rate variance and the direct labor efficiency variance. Indicate
whether each variance is favorable or unfavorable.
Standard rate of direct labor
Standard hours of direct labor for actual units produced
Actual hours of direct labor used
Actual rate of direct labor
AH = Actual Hours
SH Standard Hours
AR Actual Rate
SR Standard Rate
Actual Cost
$
Note: Indicate the effect of the variance by selecting favorable, unfavorable, or no variance.
0
$
$
OO
0
$70 per hour
0
12,280
12,750
$73 per hour
$
0
Standard Cost
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