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Compute the price and quantity variances for labor

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Reference no: EM132464144

Problem - The standard cost of product 5252 includes 1.90 hours of direct labor at $11.20 per hour. The predetermined overhead rate is $22.00 per direct labor hour. During July, the company incurred 4,000 hours of direct labor at an average rate of $11.40 per hour and $82,200 of manufacturing overhead costs. It produced 2,000 units.

Required -

1. Compute the total, price, and quantity variances for labor.

2. Compute the total overhead variance.

Reference no: EM132464144

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