The standard direct labor cost per unit for a company was $21 (= $15 per...
80.2K
Verified Solution
Link Copied!
Question
Accounting
The standard direct labor cost per unit for a company was $21 (= $15 per hour 1.4 hours per unit). During the period, actual direct labor costs amounted to $143,600, 9,800 labor-hours were worked, and 5,200 units were produced.
Required:
Compute the direct labor price and efficiency variances for the period. (Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option.)
Price variance = ______ and U/F
Efficiency Variance = ______ and U/F
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
