The standard direct labor cost per unit for a company was $27 (- $18 per hour x 15 hours per unit) During the period, actual direct labor costs amounted to $178,700, 9,800 labor-hours were worked, and 5,800 units were produced Required: Compute the direct labor price and efficiency variances for the period (Indicate the etfect of each variance by selecting "F" for favorable, or "U" for untavorable. If there is no effect, do not select either option.) Price variance Eficiency variance
The standard direct labor cost per unit for a company was $27 (- $18 per hour x 15 hours per unit) During the period, actual direct labor costs amounted to $178,700, 9,800 labor-hours were worked, and 5,800 units were produced Required: Compute the direct labor price and efficiency variances for the period (Indicate the etfect of each variance by selecting "F" for favorable, or "U" for untavorable. If there is no effect, do not select either option.) Price variance Eficiency variance
Chapter8: Standard Costs And Variances
Section: Chapter Questions
Problem 7PA: Ellis Companys labor information for September is as follows: A. Compute the standard direct labor...
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