ving information describes a company's direct labor usage in a recent period. Compute the direct labor rate and efficiency variances for the period and classify each as favorable or unfavorable. Standard direct labor rate per hour.............. Standard direct labor hours for units produced... 67,000 ct labor hours used. . 65,000 $14 ct labor rate per hour......... $15

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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QS 23-11 Direct labor variances P3
The following information describes a company's direct labor usage in a recent period. Compute the direct labor rate and efficiency variances for the period and classify each as favorable or unfavorable.
Actual direct labor hours used............
Actual direct labor rate per hour..........
Standard direct labor rate per hour...............
Standard direct labor hours for units produced....
65,000
$14
$15
67,000
Transcribed Image Text:QS 23-11 Direct labor variances P3 The following information describes a company's direct labor usage in a recent period. Compute the direct labor rate and efficiency variances for the period and classify each as favorable or unfavorable. Actual direct labor hours used............ Actual direct labor rate per hour.......... Standard direct labor rate per hour............... Standard direct labor hours for units produced.... 65,000 $14 $15 67,000
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