Calculate the labor price and quantity variances

Assignment Help Financial Accounting

Reference no: EM1376149

Lewis Company's standard labor cost of producing one unit of Product DD is 3.60 hours at rate of $12.00 per hour. During August, 43,600 hours of labor are incurred at a cost of $ 12.18 per hour to produce 11,900 units of Product DD.

Total labor variance $ ?

(b) Calculate the labor price and quantity variances.

Labor quantity variance $ ?
Labor price variance $ ?

(c) Calculate the labor price and quantity variances, assuming standard is 3.94 hours of direct labor at $12.37 per hour.

Labor quantity variance $ ?

Labor price variance $ ?

Reference no: EM1376149

Questions Cloud

Paddles can vary for their take benefit of : Exercise- Paddles can vary for their take benefit of you may go for one will fit your main criteria. You'll find a person's for the waves all year round, when it comes to bike racing

Evaluate the allen specialty organizations : Evaluate the Allen Specialty Organization's organization also plan for coordinating sales also advertising. Elucidate how will you move candidates who meet the qualifications though the hiring process.

Evaluate all of the materials and labor variances : Costello Corporation manufactures a particular product. The standard cost per unit of product is shown below.

Paddles vary throughout their begin using you can actually : Paddles vary throughout their begin using you can actually select person who will fit the necessities. You'll find ones for your dunes, just for racing and also models you might use when it comes to mounds and also fat-free standard water.

Calculate the labor price and quantity variances : Calculate the labor price and quantity variances, assuming standard is 3.94 hours of direct labor at $12.37 per hour.

Elucidate how about the quantitative approach : Elucidate how might principles of scientific management are useful to spring industries. Elucidate how about the quantitative approach.

Evaluate kimm''s total standard cost per unit : Kimm Company has gathered the subsequent information about its product - Evaluate Kimm's total standard cost per unit.

Illustrate what is the percent increase in productivity : Illustrate what is the percent increase in productivity due to installing the new process. This is for Hotel also Lodging Operations. Elucidate te various aspects of Human Resources, in the hospitality industry.

The public comment period closes on an osha proposed : The public comment period closes on an OSHA proposed regulation as well as your business had filed a public comment against the proposed regulation illumination that the regulation would not fix the problem that OSHA

User Account

All Pages