Standard labor cost of producing one unit of product

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Reference no: EM13777459

Lewis Company’s standard labor cost of producing one unit of Product DD is 3.20 hours at the rate of $14.00 per hour. During August, 42,900 hours of labor are incurred at a cost of $14.18 per hour to produce 13,300 units of Product DD.

Compute the total labor variance$._____ unfavorable

Compute the labor price and quantity variances.

Labor price variance$_____unfavorable

Labor quantity variance$_____unfavorable

Compute the labor price and quantity variances, assuming the standard is 3.46 hours of direct labor at $14.35 per hour.

Labor price variance$_____favorable

Labor quantity variance$_____favorable

Reference no: EM13777459

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