Question:
Direct labor variances To help control operations, Sisyphus Company developed a standard costing system in its job shop. Data for a recent job follows.
|
Standard
|
Actual
|
|
Direct labor hours
|
950
|
920
|
|
Direct labor dollars
|
$1,900
|
$1,850
|
|
Units produced
|
380
|
380
|
REQUIRED:
Calculate the direct labor price and efficiency variances and determine whether they are favorable or unfavorable.