Motts Inc.has a standard cost system in which the standard direct labor for a particular product is 0.50 hours at the standard rate of $21.00 per hour.The company has reported the following actual results for the product for October:
Required:
a.Compute the labor rate variance for October.
b.Compute the labor efficiency variance for October.

Question

Motts Inc.has a standard cost system in which the standard direct labor for a particular product is 0.50 hours at the standard rate of $21.00 per hour.The company has reported the following actual results for the product for October:
  Required:
a.Compute the labor rate variance for October.
b.Compute the labor efficiency variance for October.

Quizplus · Accepted Answer

The Answer of Motts Inc.has a standard cost system in which the standard direct labor for a particular product is 0.50 hours at the standard rate of $21.00 per hour.The company has reported the following actual results for the product for October:
  Required:
a.Compute the labor rate variance for October.
b.Compute the labor efficiency variance for October.

Motts IncHas a Standard Cost System in Which the Standard Direct