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Home Q & A Board Other Fields Homework Help Business Accounting
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jared8mp jared8mp
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A month 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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A month 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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jared8mp Author
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A month ago
Correct Slight Smile TY
mambah4
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Yesterday
Good timing, thanks!
dianeflunder
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2 hours ago
this is exactly what I needed
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