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BE25-5 Wamser Company's standard labor cost per unit of output is $20 (2 hours x $10 per hour)

BE25-5 Wamser Company's standard labor cost per unit of output is $20 (2 hours x $10 per hour)
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ACCOUNTING

Financial Accounting

BE25-5 Wamser Company's standard labor cost per unit of output is $20 (2 hours × $10 per hour). During August, the company incurs 2,100 hours of direct labor at an hourly cost of $10.50 per hour in making 1,000 units of finished product.

Compute the total, price, and quantity labor variances.
Total labor variance $ FavorableUnfavorable
Labor price variance $ FavorableUnfavorable
Labor quantity variance $ FavorableUnfavorable

 

FILE: MS WORD

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