Reference no: EM131810161
Variable Cost Variances
The following data reflect the current month's activity for Sills, Inc.:
Actual total direct labor.. 546,000
actual hours worked ... 26,000
standard labor-hours allowed for actual output (flexible budget)... 27,000
direct labor price variance... 19,500 U
Actual variable overhead.. 132,600
Standard variable overhead rate per standard direct labor-hour .. 5.25
Variable overhead is applied based on standard direct labor-hours allowed.
Required
Compute the labor and variable overhead price and efficiency variances.
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Compute the labor and variable overhead price
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