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Compute the direct labor and variable overhead price

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Reference no: EM131816396

Question - The records of Simon Company show the following for February:

Standard labor-hours allowed per unit of output 1.50

Standard variable overhead rate per standard direct labor-hour $ 38

Good units produced 60,000

Actual direct labor-hours worked 92,000

Actual total direct labor $ 1,979,000

Direct labor efficiency variance $ 40,300 U

Actual variable overhead $ 2,564,000

Required: Compute the direct labor and variable overhead price and efficiency variances.

Reference no: EM131816396

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