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Calculate the direct labor rate and efficiency variances

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Reference no: EM132894492

Problem - Hunter Family Instruments makes cellos. During the past year, the company made 3,500 cellos even though the budget planned for only 3,600. The company paid its workers an average of $20 per hour, which was $0.50 higher than the standard labor rate. The production manager budgets 6 direct labor hours per cello. During the year, a total of 20,840 direct labor hours were worked. Calculate the direct labor rate and efficiency variances.

Reference no: EM132894492

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