Labor variances
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Kendra Company's standard labor cost of producing one unit of Product DD is 4 hours at the rate of $12.84 per hour. During August, 40,800 hours of labor are incurred at a cost of $12.95 per hour to produce 10,000 units of Product DD.
Compute the total labor variance.
$
Compute the labor price and quantity variances.
Labor price variance $
Labor quantity variance $
Repeat the previous question, assuming the standard is 4.2 hours of direct labor at $13.11 per hour.
Labor price variance $
Labor quantity variance $
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Kendra Company's standard labor cost of producing one unit of Product DD is 4 hours at the rate of $12.84 per hour. During August, 40,800 hours of labor are incurred at a cost of $12.95 per hour to produce 10,000 units of Product DD.
Labor price variance:
price paid per hour vs. price "should have paid per standard" times hours ...
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