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ACC - Lewis Company?s standard labor cost

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Question;Lewis Company?s standard labor cost of producing one unit of Product DD is 4.00 hours at the rate of $11.00 per hour. During August, 42,600 hours of labor are incurred at a cost of $11.10 per hour to produce 10,500 units of Product DD.(a) Compute the total labor variance.Total labor variance $(b) Compute the labor price and quantity variances.Labor price variance $Labor quantity variance $(c) Compute the labor price and quantity variances, assuming the standard is 4.36 hours of direct labor at $11.26 per hour.Labor price variance $Labor quantity variance $

 

Paper#43306 | Written in 18-Jul-2015

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