Information regarding Maxwells direct labor cost for the month of January follows: ...
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Accounting
Information regarding Maxwells direct labor cost for the month of January follows:
Direct labor hourly rate paid
$ 29.80
Total standard direct labor hours for units produced this period
12,300
Direct labor hours actually worked
12,100
Direct labor rate variance
$ 17,300
favorable
Required:
1. Compute the standard direct labor wage rate per hour in January. (Round your answer to 2 decimal places.)
2. Compute the direct labor efficiency variance for January. Was this variance favorable or unfavorable? (Do not round intermediate calculations. Round your answer to the nearest whole dollar amount.)
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