Solution-Compute the labor and variable overhead price

Compute the labor and variable overhead price

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Reference no: EM132964725

Question - The following data reflect the current month's activity for Vickers Corporation.

Actual total direct labor $660,375

Actual hours worked 37,500

Standard labor-hours allowed for actual output (flexible budget) 36,500

Direct labor price variance $14,625F

Actual variable overhead $167,650

Standard variable overhead rate per standard direct labor-hour $4.50

Variable overhead is applied based on standard direct labor-hours allowed.

Required - Compute the labor and variable overhead price and efficiency variances.

Reference no: EM132964725

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Compute the labor and variable overhead price

Reference no: EM132964725

Reference no: EM132964725

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