Kendra's company's standard labor cost of producing one unit of Product DD is 4 hours at the rate of $12.72 per hour During August 40,800 hours of labor are incurred at a cost of $12.83 per hour to produce 10,000 units of product DD.
- Compute the total labor variance
- favorable or unfavorable
- compute the labor and quantity variances
- labor price variance favorable or unfavorable
- labor quanity variance favorable or unfavorable
- Repeat the previous question assuming the standard is 4.2 hours of direct labor at 12.99 per hour.
- labor price variance favorable or unfavorable
- labor quantity variance favorable or unfavorable