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The records of Simon Company show the following fo...




The records of Simon Company show the following for February: Standard labor-hours allowed per unit of output 1.50 Standard variable overhead rate per standard direct labor-hour $ 38 Good units produced 60,000 Actual direct labor-hours worked 92,000 Actual total direct labor $ 1,979,000 Direct labor efficiency variance $ 40,300 U Actual variable overhead $ 2,564,000 Required: Compute the direct labor and variable overhead price and efficiency variances. (Input all amounts as positive values. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Do not round your intermediate calculations. Omit the "$" sign in your response.) Price Variance Efficiency Variance Direct labor $ $ Variable overhead $ $


Paper#11302 | Written in 18-Jul-2015

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