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Compute the direct labor rate variance for javonte co

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Reference no: EM132658385

Javonte Co. set standards of 2 hours of direct labor per unit of product and $16.10 per hour for the labor rate. During October. the company uses 13,000 hours of direct labor at a $211,900 total cost to produce 6.?00 units of product. in November. the company uses 1?.000 hours of direct labor at a $271950 total cost to produce 2100 units of product.

AH = Actual Hours

SH = Standard Hours

AR = Actual Rate

SR = Standard Rate

Question 1: Compute the direct labor rate variance. the direct labor efficiency variance. and the total direct labor cost variance for each ofthese two months.

Classify each variance as favorable or unfavorable.

Javonte investigates variances of more than 5% of actual direct labor cost. Which direct labor variances will the company investigate further?

Reference no: EM132658385

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