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Home Q & A Board Other Fields Homework Help Business Accounting
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LiChan LiChan
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7 years ago
The following standard cost information was provided for Davis Manufacturing:
   Standard direct labor rate   $21.00 per hour
   Standard direct labor efficiency   5 hours per unit
In October, Davis Manufacturing completed 7,000 units of product using 34,250 direct labor hours at an actual cost of $736,375.

REQUIRED:
1.)   How much did the company pay per hour for the 34,250 actual direct labor hours?
2.)   Determine the direct labor rate variance.
3.)   How many hours of direct labor should it have taken to produce the 7,000 units?
4.)   Determine the direct labor efficiency variance in hours.
5.)   Determine the direct labor efficiency variance in dollars.
Textbook 
Survey of Accounting: Making Sense of Business

Survey of Accounting: Making Sense of Business


Edition: 1st
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hol23hol23
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7 years ago
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LiChan Author
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#2
7 years ago
How do you know this stuff so well, wish I was as smart
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