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Brief Exercise 23-5

Mordica Company’s standard labor cost per unit of output is $20.14 (1.90 hours x $10.60 per hour). During August, the company incurs 2,581 hours of direct labor at an hourly cost of $10.71 per hour in making 1,300 units of finished product.

Compute the total, price, and quantity labor variances. (Round answers to 2 decimal places, e.g. 52.75.)

Total labor variance $

FavorableNeither favorable nor unfavorableUnfavorable
Labor price variance $

UnfavorableNeither favorable nor unfavorableFavorable
Labor quantity variance $

Neither favorable nor unfavorableUnfavorableFavorable

Brief Exercise 23-5 Mordica Companys standard labor cop unit of output is $20.14 (1.90 hours $10.60 per hour). During August

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Answer #1

Total labor variance

= 1460.51 U

Labor price Variance = (SR - AR) *AH

= (10.60-10.71)*2581

= 283.91 U

Labor quantity Variance = (SH-AH) *SR

= (1300*1.90 - 2581)*10.60

= 1176.60 U

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