Using the following direct labor information, calculate the direct labor rate variance and the direct...
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Using the following direct labor information, calculate the direct labor rate variance and the direct labor efficiency variance. Indicate whether each variance is favorable or unfavorable. Standard rate of direct labor Standard hours of direct labor for actual units produced Actual hours of direct labor used Actual rate of direct labor $74perhour12,32012,800$77perhour AH=ActualHoursSH=StandardHoursAR=ActualRateSR=StandardRate Note: Indicate the effect of the variance by selecting favorable, unfavorable, or no variance. Using the following direct labor information, calculate the direct labor rate variance and the direct labor efficiency variance. Indicate whether each variance is favorable or unfavorable. Standard rate of direct labor Standard hours of direct labor for actual units produced Actual hours of direct labor used Actual rate of direct labor $74perhour12,32012,800$77perhour AH=ActualHoursSH=StandardHoursAR=ActualRateSR=StandardRate Note: Indicate the effect of the variance by selecting favorable, unfavorable, or no variance
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