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The standard cost of product 2525 includes 183 hours of

Question - The standard cost of product 2525 includes 1.83 hours of direct labor at $13.90 per hour. The predetermined overhead rate is $20.60 per direct labor hour. During July, the company incurred 4,260 hours of direct labor at an average rate of $14.60 per hour and $69,276 of manufacturing overhead costs. It produced 1,900 units.

(a) Compute the total, price, and quantity variances for labor.

(b) Compute the total overhead variance.

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Accounting Basics: The standard cost of product 2525 includes 183 hours of

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