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The following direct labor standards have been established for product MH70:
Standard direct labor-hours 4.8 hours per unit of MH70
Standard direct labor wage rate $13.50 per hour
The following data pertain to the most recent month's operations during which 500 units of product MH70 were made:
Actual direct labor-hours worked. 2,200
Actual direct labor wages paid $30,800
Required:
Problem 1: Calculate the labor rate variance for the month. Comment on your answer. (Show the workings clearly)
Problem 2: Calculate the labor efficiency variance for the month. Comment on your answer. (Show the workings clearly)
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