Miller has the following information pertaining to its usage of direct labor in a recent period: Required:
Given the above, determine the company's:
1. Direct labor efficiency variance for the period.
2. Direct labor rate variance for the period.
3. Summary journal entry to record accrued labor costs and associated standard cost variances for the period.

Question

Miller has the following information pertaining to its usage of direct labor in a recent period:  Required:
Given the above, determine the company's:
1. Direct labor efficiency variance for the period.
2. Direct labor rate variance for the period.
3. Summary journal entry to record accrued labor costs and associated standard cost variances for the period.

Quizplus · Accepted Answer

The Answer of Miller has the following information pertaining to its usage of direct labor in a recent period:  Required:
Given the above, determine the company's:
1. Direct labor efficiency variance for the period.
2. Direct labor rate variance for the period.
3. Summary journal entry to record accrued labor costs and associated standard cost variances for the period.

Miller Has the Following Information Pertaining to Its Usage of Direct