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Calculate the labor rate variance for the month

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Reference no: EM132662754

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)

Reference no: EM132662754

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