Question

Check my work Part 3 of 3 Required information Use the following information for the Exercises below. (The following information applies to the questions displayed below.) 1.11 A manufactured product has the following information for June. points Skipped Direct materials Direct labor Overhead Units manufactured Standard (6 lbs. @ $8 per lb.) (3 hrs. @ $16 per hr.) (3 hrs. @ $11 per hr.) Actual 44,300 lbs. @ $8.20 per lb. 21,700 hrs. @ $16.50 per hr. $245,900 7,300 eBook Hint Print Exercise 23-10 Direct labor variances LO P2 AH = Actual Hours SH = Standard Hours AR = Actual Rate SR = Standard Rate Compute the direct labor rate variance and the direct labor efficiency variance. Indicate whether each variance is favorable or

Answer 1

Actual cost								Standard cost
AH	*	AR		AH	*	SR		SH	*	SR
21700	*	16.5		21700	*	16		21900	*	16
	358,050				347200				350400
			10,850				3200
Direct labor rate variance				10,850	U
Direct labor Efficiency variance				3,200	F
total direct labor variance				7,650	U