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Lewis Company?s standard labor cost of producing o...

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Lewis Company?s standard labor cost of producing one unit of Product DD is 3.60 hours at the rate of $12.00 per hour. During August, 43,600 hours of labor are incurred at a cost of $12.18 per hour to produce 11,900 units of Product DD. 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 3.94 hours of direct labor at $12.37 per hour. Labor price variance $ ? Labor quantity variance $ ?

 

Paper#6808 | Written in 18-Jul-2015

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