QS 23-11 Direct labor variances LO P2 The following information describes a companys direct labor...
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Accounting
QS 23-11 Direct labor variances LO P2
The following information describes a companys direct labor usage in a recent period.
Actual direct labor hours used (AH)
71,000
Actual direct labor rate per hour (AR)
$
15
Standard direct labor rate per hour (SR)
$
14
Standard direct labor hours for units produced (SH)
72,100
AH = Actual Hours SH = Standard Hours AR = Actual Rate SR = Standard Rate Compute the direct labor rate and efficiency variances for the period and classify each as favorable or unfavorable.
Actual Cost
Standard Cost
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