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Charity quilt company produces and sells custom quilts

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Charity Quilt Company produces and sells custom quilts. The company has a standard cost system to help control costs and has established the following labor standards for completing quilt tops.

Standard labor-hours per unit of output: 5.4 hours
Standard labor rate: $10.20 per hour
The following data pertain to quilt top operations for the last month.
Actual hours worked: 1,000 hours
Actual labor cost: $10,600
Actual output: 200 units
Compute the following variances
Direct labor rate and efficiency variances.

Prepare a brief explanation of the possible causes of each variance.

Reference no: EM131750950

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