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Using the following direct labor information, calculate the direct labor rate variance and the direct labor efficiency variance. Indicate whether each variance is favorable or unfavorable. Standard rate of direct labor Standard hours of direct labor for actual units produced Actual hours of direct labor used Actual rate of direct labor AH = Actual Hours SH = Standard Hours AR = Actual Rate SR = Standard Rate $ 48 per hour 12,060 12,475 $ 51 per hour Note: Indicate the effect of the variance by selecting favorable, unfavorable, or no variance. Actual Cost Standard Cost

Using the following direct labor information, calculate the direct labor rate variance and the direct labor efficiency variance. Indicate whether each variance is favorable or unfavorable. Standard rate of direct labor Standard hours of direct labor for actual units produced Actual hours of direct labor used Actual rate of direct labor AH = Actual Hours SH = Standard Hours AR = Actual Rate SR = Standard Rate $ 48 per hour 12,060 12,475 $ 51 per hour Note: Indicate the effect of the variance by selecting favorable, unfavorable, or no variance. Actual Cost Standard Cost

Principles of Accounting Volume 2
Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter8: Standard Costs And Variances
Section: Chapter Questions
Problem 17MC: When is the direct labor time variance unfavorable? A. when the actual quantity used is greater than...
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Using the following direct labor information, calculate the direct labor rate variance and the direct labor efficiency variance. Indicate whether each variance is favorable or unfavorable. Standard rate of direct labor Standard hours of direct labor for actual units produced Actual hours of direct labor used Actual rate of direct labor AH = Actual Hours SH = Standard Hours AR = Actual Rate SR = Standard Rate $ 48 per hour 12,060 12,475 $ 51 per hour Note: Indicate the effect of the variance by selecting favorable, unfavorable, or no variance. Actual Cost Standard Cost
Transcribed Image Text:Using the following direct labor information, calculate the direct labor rate variance and the direct labor efficiency variance. Indicate whether each variance is favorable or unfavorable. Standard rate of direct labor Standard hours of direct labor for actual units produced Actual hours of direct labor used Actual rate of direct labor AH = Actual Hours SH = Standard Hours AR = Actual Rate SR = Standard Rate $ 48 per hour 12,060 12,475 $ 51 per hour Note: Indicate the effect of the variance by selecting favorable, unfavorable, or no variance. Actual Cost Standard Cost
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