Hallaway produces gears for the Tree Motorcycle Company. At the beginning of the year, they had the following standardcosts for one batch of gears:Direct labour (2 hours @ $15.00 per hour): $30.00The actual results for the year are:Batches produced: $70,000Direct labour hours: $135,000Direct labour cost per hour: $15.50Required:Calculate the labour variances and use your solution to answer the following questions. The amount of the direct labourrate variance, also called the direct labour price variance, is $_______Indicate if the direct labour rate variance is favourable (enter the letter F) or unfavourable (enter the letters UF).The amount of the direct labour efficiency variance, also called the direct labour usage variance, is $_________Indicate if the direct labour efficiency variance is favourable (enter the letter F) or unfavourable (enter the letters UF).The total labour variance, also called the direct labour flexible budget variance, is $.Indicate if the total labour variance is favourable (enter the letter F) or unfavourable (enter the letters UF).

Name: Hallaway produces gears for the Tree Motorcycle Company. At the begin
Uploaded: 2024-03-20T06:33:06.000Z
Channel: Bartleby
Description: Hallaway produces gears for the Tree Motorcycle Company. At the beginning of the year, they had the following standardcosts for one batch of gears:Direct labour (2 hours @ $15.00 per hour): $30.00The actual results for the year are:Batches produced: