Shep Corporation estimated it would produce 6200 buckets though actual production was 6000 during August. The standard labor cost is 2 buckets per hour at $18.00 per hour. Actual cost per hour was $18.40 with a total labor cost of $53360.
Instructions
Determine the amounts of the labor price and the labor quantity variances for August.

Question

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The Answer of Shep Corporation estimated it would produce 6200 buckets though actual production was 6000 during August. The standard labor cost is 2 buckets per hour at $18.00 per hour. Actual cost per hour was $18.40 with a total labor cost of $53360.
Instructions
Determine the amounts of the labor price and the labor quantity variances for August.

Shep Corporation Estimated It Would Produce 6200 Buckets Though Actual