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What direct labour cost have been incurred in manufacture

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Reference no: EM132807732

Erie Company manufactures a small MP3 player called the Jogging Mate. The company uses standards to control its costs. The labour standards that have been set for one Jogging Mate MP3 player are as follows: Standard hoursStandard rate per hourStandard cost15 minutes£ 9.00£ 2.25

  • During August, 7,200 hours of direct labour time were recorded in the manufacture of 30,000 units of the Jogging Mate. The direct labour cost totalled £74,880 for the month.

Required:

Problem 1: What direct labour cost should have been incurred in the manufacture of the 30,000 units of the Jogging Mate?

Problem 2: By how much does this differ from the cost that was incurred?

Reference no: EM132807732

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