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Calculate the direct labor efficiency and rate variances

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Reference no: EM132835245

Question - For the stamping department of a manufacturing firm, the standard cost for direct labor is $15 per hour, and the production standard calls for 1500 stampings per hour. During February, 159 hours were required for the actual production of 21,4500 stampings. The actual direct labor cost for the stamping department for June was $2,544.

Direct labor: Flexed budget: $2,145

Actual: $2,544

Variance: $399

Calculate the direct labor efficiency and rate variances for February.

Reference no: EM132835245

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