Memorable Moments manufactures a product that uses 2.5 standard labor hours per unit at
a standard hourly rate of $12.00 per hour. If 3,000 units required 7,400 actual hours at an hourly rate of $12.40 per hour, what is the Direct Labor (DL) Price Variance and (DL) Efficiency Variance?

Question

Memorable Moments manufactures a product that uses 2.5 standard labor hours per unit at 
a standard hourly rate of $12.00 per hour. If 3,000 units required 7,400 actual hours at an hourly rate of $12.40 per hour, what is the Direct Labor (DL) Price Variance and (DL) Efficiency Variance?

Quizplus · Accepted Answer

The Answer of Memorable Moments manufactures a product that uses 2.5 standard labor hours per unit at 
a standard hourly rate of $12.00 per hour. If 3,000 units required 7,400 actual hours at an hourly rate of $12.40 per hour, what is the Direct Labor (DL) Price Variance and (DL) Efficiency Variance?

Memorable Moments Manufactures a Product That Uses 2