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Calculate The Total Variance For Labor For The Month The Standard
Calculate The Total Variance For Labor For The Month The Standard
standard #8036
Calculate the total variance for labor for the month.The standard cost card for a unit of product
at the Cleaner Corp. shows the following standard cost information:Materials: 2 gallons at $11
per gallon..........................$ 22Labor: 5 hour at $16 per
hour.....................................80Overhead: 80% of direct
labor....................................64Total................................................................$166During the
month of October 2016, Job O-3 was completed. It was the only job worked on during October.
Six thousand units were produced from the job. The actual costs were as shown
below:Materials: 12,200 gallons at $11.10 per gallon..........................$ 135,420Labor: 30,100
hours at $16.10 per hour....................................484,610Actual overhead......................................
..........................387,688Total..........................................................................$1,007,718View
Solution:
Calculate the total variance for labor for the month The standard
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