The following direct labor standards have been established for product N30A: The following data pertain to the most recent month's operations during which 400 units of product N30A were made: Required:
a. What was the labor rate variance for the month?
b. What was the labor efficiency variance for the month?
c. Prepare a journal entry to record direct labor costs during the month, including the direct labor variances.

Question

The following direct labor standards have been established for product N30A:  The following data pertain to the most recent month's operations during which 400 units of product N30A were made:  Required:
a. What was the labor rate variance for the month?
b. What was the labor efficiency variance for the month?
c. Prepare a journal entry to record direct labor costs during the month, including the direct labor variances.

Quizplus · Accepted Answer

The Answer of The following direct labor standards have been established for product N30A:  The following data pertain to the most recent month's operations during which 400 units of product N30A were made:  Required:
a. What was the labor rate variance for the month?
b. What was the labor efficiency variance for the month?
c. Prepare a journal entry to record direct labor costs during the month, including the direct labor variances.

The Following Direct Labor Standards Have Been Established for Product