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Calculate the labor rate variance for the month

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Reference no: EM131802008

Question 2. The Walkabout Corporation manufactures boomerangs (its only product). The company's standards for manufacturing boomerangs are as follows:

Standard direct labor rate per hour

$ 18.50 per hour

Standard direct labor hours per boomerang

0.4 hours

During the month of January, the company produced 1,800 boomerangs. Actual production data for the month follows:

Actual direct labor hours worked

700 hours

Actual direct labor cost incurred

$ 14,000

Part A. Calculate the labor rate variance for the month. Is it favorable or unfavorable? Show your work.

Part B. Calculate the labor efficiency variance for the month. Is it favorable or unfavorable? Show your work.

Reference no: EM131802008

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