Tebbetts Company estimated it would produce 6,200 buckets, though actual production was 6,000 during August. The standard labor cost is 2 buckets per hour at $24.00 per hour. Actual cost per hour was $24.50 with a total labor cost of $71,050.
Instructions
Determine the amounts of the labor price and the labor quantity variances for August.

Question

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The Answer of Tebbetts Company estimated it would produce 6,200 buckets, though actual production was 6,000 during August. The standard labor cost is 2 buckets per hour at $24.00 per hour. Actual cost per hour was $24.50 with a total labor cost of $71,050.
Instructions
Determine the amounts of the labor price and the labor quantity variances for August.

Tebbetts Company Estimated It Would Produce 6,200 Buckets, Though Actual