Required information [The following information applies to the questions displayed below.] A manufactured product has...
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Required information [The following information applies to the questions displayed below.] A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Standard (6 lbs. @ $8 per lb.) (2 hrs. @ $16 per hr.) (2 hrs. @ $11 per hr.) Actual 49, 100 lbs. @ $8.10 per lb. 15,900 hrs. @ $16.60 per hr. $184,100 8,100 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 unfavorable. Actual Cost Standard Cost $ 0 $ 0 0
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