Required information [The following information applies to the questions displayed below.] A manufactured product has th

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Required Information The Following Information Applies To The Questions Displayed Below A Manufactured Product Has Th 1 (118.73 KiB) Viewed 10 times

Required information [The following information applies to the questions displayed below.] A manufactured product has the following information for June. Actual Results Standard Quantity and Cost 5 pounds @ $8 per pound Direct materials Direct labor 3 DLH @ $17 per DLH 43,100 pounds @ $8.10 per pound 25,100 hours @ $17.50 per hour $ 338,300 8,500 units Overhead 3 DLH @ $13 per DLH Units manufactured Compute the (1) direct labor rate variance and (2) direct labor efficiency variance. (Indicate the effect of each variance by se favorable, unfavorable, or no variance. Round "Rate per hour" answers to 2 decimal places.) AH = Actual Hours SH= Standard Hours AR = Actual Rate SR = Standard Rate Actual Cost Standard Cost AH X AH X SR X X X X Direct labor rate variance 0 Unfavorable Direct labor efficiency variance 0 Favorable Total direct labor variance AR $ 0 $ Unfavorable $ 0 SH SR