Standard and actual costs for direct labor for the manufacture of 300 units of product were as follows:
Actual costs
125 hours at $54
Standard costs
131 hours at $53
Determine the direct labor (a) time variance, (b) rate variance, and (c) total cost variance.

Question

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The Answer of Standard and actual costs for direct labor for the manufacture of 300 units of product were as follows:
Actual costs
125 hours at $54
Standard costs
131 hours at $53
Determine the direct labor (a) time variance, (b) rate variance, and (c) total cost variance.

Standard and Actual Costs for Direct Labor for the Manufacture