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Direct Labor Variances: Rate & Efficiency (Fav/Unfav

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agarwalopticals

This document provides information for computing direct labor variances, including actual hours, standard hours, actual rate, and standard rate. It asks the reader to calculate the direct labor rate variance and direct labor efficiency variance for a manufactured product in June, indicating whether each variance is favorable, unfavorable, or no variance.

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Use the roIowing intormation tor tne txercises Deiow. (Static) [The following information applies to the questions displayed below.] A manufactured product has the following information for June. Exercise 21-10 (Static) Direct labor variances LO P3 Compute the (1) direct labor rate variance and (2) direct labor efficiency variance. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "Rate per hour" answers to 2 decimal places.) AH=ActualHoursSH=StandardHoursAR=ActualRateSR=StandardRateAH=ActualHoursSH=Sta ndardHoursAR=ActualRateSR=StandardRate

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Direct Labor Variances: Rate & Efficiency (Fav/Unfav

  • 1. Use the roIowing intormation tor tne txercises Deiow. (Static) [The following information applies to the questions displayed below.] A manufactured product has the following information for June. Exercise 21-10 (Static) Direct labor variances LO P3 Compute the (1) direct labor rate variance and (2) direct labor efficiency variance. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "Rate per hour" answers to 2 decimal places.) AH=ActualHoursSH=StandardHoursAR=ActualRateSR=StandardRateAH=ActualHoursSH=Sta ndardHoursAR=ActualRateSR=StandardRate