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3 years ago

The following labor standards have been established for a particular product:

Business

1 answer:

jok3333 [9.3K]3 years ago

6 0

Answer:

Direct labor time (efficiency) variance= 16,497 favorable

Explanation:

Giving the following information:

Standard labor-hours per unit of output 10.3 hours

Standard labor rate $14.10 per hour

Actual hours worked 8,100 hours

Actual output 900 units

<u>To calculate the direct labor efficiency variance, we need to use the following formula:</u>

Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate

Standard quantity= 10.3*900= 9,270

Direct labor time (efficiency) variance= (9,270 - 8,100)*14.1

Direct labor time (efficiency) variance= 16,497 favorable

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1 year ago

An income statement for Tommy's Bookstore for the first quarter of the year is presented below: Tommy's Bookstore Income Stateme

Semmy [17]

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As per the data given in the question,

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