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Determine the labor rate variance

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Question - Harmelon manufactures specialty electronic circuitry through a photoelectronic process. One of the products, Model ZR30, has a standard labor time of 0.5 hour and a standard labor rate of $12.50 per hour. During February, the following activities pertaining to direct labor for ZR30 were recorded:

Direct labor hours used: 2,230

Direct labor cost: $34,000

Units of Zr30 manufactured: 4,800

Determine the labor rate variance and determine if its favorable or unfavorable.

Determine the labor efficiency variance and determine if its favorable or unfavorable.

Determine the total flexible budget labor cost variance and determine if its favorable or unfavorable.

Reference no: EM131891056

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