Delmar incorporated uses a standard cost system. Labor standards are hours per widget at $ per hour. During August, Delmar Incorporated paid its workers $ for hours. Delmar Incorporated produced widgets during August.
Required:
Q Calculate the direct labor rate variance.
Note: Do not round your intermediate calculations. Indicate the effect of variance by selecting "Favorable", "Unfovorable", or "None" for no effect ie zero variance
b Calculate the direct labor efficiency variance.
Note: Do not round your intermediate calculations. Indicate the effect of variance by selecting "Fovorable", "Unfavorable", or "None" for no effect ie zero variance
c Calculate the direct labor spending variance.
Note: Do not round your intermediate calculations. Indicate the effect of variance by selecting "Favorable", "Unfovorable", or "None" for no effect ie zero variance
tablea Rate Variance,,b Efficiency Variance,,c Spending Variance,,
