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Determine the direct labor efficiency varianc for october

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Reference no: EM13877044

Labor Rate and Efficiency Variances Keck Company's direct labor costs to manufacture its only product in October follow:

Standard direct labor hours per unit of product

1.5

Number of finished units produced

10,000

Standard wage rate per direct labor hour

$16

Total payroll for direct labor

$207,000

Wage paid per direct labor hour

$18

Differences in hourly wage rates reflect skill levels of workers.

Required: Determine the following for October:

1. Direct labor rate variance.

2. Direct labor efficiency variance.

3. Production manager's performance in managing direct labor costs.

Reference no: EM13877044

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