Solved: Sheridans standard labor rate is 13 per direct labor hour, Accounting Basics

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Sheridans standard labor rate is 13 per direct labor hour

Question - Sheridan Industries is a leading manufacturer of golf balls. Each golf ball requires 1 minute of direct labor time to complete. Sheridan used 7,300 direct labor hours in July to produce 431,400 golf balls. Sheridan's standard labor rate is $13 per direct labor hour, and the actual labor rate in July was $10.83.

Calculate Sheridan's direct labor efficiency variance for July.

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Accounting Basics: Sheridans standard labor rate is 13 per direct labor hour

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