A company reports the following information for its direct labor. Actual...
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Accounting
A company reports the following information for its direct labor.
| Actual hours of direct labor used | 57,000 |
|---|---|
| Actual rate of direct labor per hour | $ 16 |
| Standard rate of direct labor per hour | $ 15 |
| Standard hours of direct labor for units produced | 58,500 |
AH = Actual Hours SH = Standard Hours AR = Actual Rate SR = Standard Rate Compute the direct labor rate and efficiency variances and identify each as favorable or unfavorable.
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