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    Direct labor variances

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    To help control operations, Sisyphus Company developed a standard costing system in its job shop. Data for a recent job follows.

    Standard Actual
    Direct labor hours 950 920
    Direct labor dollars $1,900 $1,850
    Units produced 380 380
    REQUIRED:

    Calculate the direct labor price and efficiency variances and determine whether they are favorable or unfavorable.

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    https://brainmass.com/business/finance/direct-labor-variances-605961

    Solution Preview

    Direct Labor Variances
    To help control operations, Sisyphus Company developed a standard costing system in its job shop. Data for a recent job follows.
    Standard Actual
    Direct labor hours 950 920
    Direct labor dollars $1,900 $1,850
    Units produced 380 ...

    Solution Summary

    To help control operations, Sisyphus Company developed a standard costing system in its job shop. Data for a recent job follows.
    Standard Actual
    Direct labor hours 950 920
    Direct labor dollars $1,900 $1,850
    Units produced 380 380
    REQUIRED:
    Calculate the direct labor price and efficiency variances and determine whether they are favorable or unfavorable.

    $2.19