Calculate the direct labor price and efficiency variances


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.

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Accounting Basics: Calculate the direct labor price and efficiency variances
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