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jared8mp jared8mp
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3 months ago
Wolfe Manufacturing Company has the following direct labor standards:

Standard labor hours for each unit of production11 hours
Standard labor rate per hours$15.10

The following actual data has been provided by Wolfe:

Actual hours worked8,000
Actual direct labor cost$120,000
Actual production800 units

Required:

a.Calculate the direct labor rate variance.
b.Calculate the direct labor efficiency variance.
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Managerial Accounting

Managerial Accounting


Edition: 4th
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amieamie
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3 months ago
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More solutions for this book are available here
a.$120,000 - (8,000 × $15.10) = $800 favorable
b.(8,000 × $15.10) - (800 × 11 × $15.10) = $12,080 favorable
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3 months ago
Thanks for your help!!
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This site is awesome
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