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Compute the total, price, and quantity variances for labor

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Reference no: EM133032758

Question - The standard cost of product 5252 includes 1.90 hours of direct labor at $11.50 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 $11.70 per hour and $82,300 of manufacturing overhead costs. It produced 2,000 units.

Required -

(a) Compute the total, price, and quantity variances for labor.

(b) Compute the total overhead variance (show computation).

Reference no: EM133032758

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