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Compute the direct labor rate and efficiency variances

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Question: The following information describes a company's usage of direct labor in a recent period. Compute the direct labor rate and efficiency variances for the period.

Actual direct labor hours used . . . . . . . . . . . . . . . . . . . . . . 45,000

Actual direct labor rate per hour . . . . . . . . . . . . . . . . . . . . $15

Standard direct labor rate per hour . . . . . . . . . . . . . . . . . . $14

Standard direct labor hours for units produced . . . . . . . . . 47,000

Reference no: EM131539615

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