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Compute the total and price and quantity variances for labor

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Reference no: EM132556582

The standard cost of product 2525 includes 2 hours of direct labor at $14.00 per hour. The predetermined overhead rate is $21 per direct labor hour. During July, the company incurred 4,100 of direct labor at an average rate of $14.40 per hour and $81,300 of manufacturing overhead costs. It produced 2,000 units.

Question A) Compute the total, price, and quantity variances for labor.

Question B) compute the total overhead variance.

Reference no: EM132556582

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