Direct labor variances
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To help control operations, Sisyphus Company developed a standard costing system in its job shop. Data for a recent job follows.
Standard Actual
Direct labor hours 950 920
Direct labor dollars $1,900 $1,850
Units produced 380 380
REQUIRED:
Calculate the direct labor price and efficiency variances and determine whether they are favorable or unfavorable.
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Solution Summary
To help control operations, Sisyphus Company developed a standard costing system in its job shop. Data for a recent job follows.
Standard Actual
Direct labor hours 950 920
Direct labor dollars $1,900 $1,850
Units produced 380 380
REQUIRED:
Calculate the direct labor price and efficiency variances and determine whether they are favorable or unfavorable.
Solution Preview
Direct Labor Variances
To help control operations, Sisyphus Company developed a standard costing system in its job shop. Data for a recent job follows.
Standard Actual
Direct labor hours 950 920
Direct labor dollars $1,900 $1,850
Units produced 380 ...
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- MCom, Annamalai University
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