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What were the rate and efficiency variances for direct labor

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Reference no: EM132543027

The following standard cost data are for Dito Ltd. for January 2019:

Per unit:

Direct material 15kg at $5/kg

Direct labor 4hr at $12/hr

  • During January, Dito produced 720 units of output, which was 30 units less than expected. Direct material purchased and used was 10,500 kg at $5.25/kg. Direct labor was 2,900 hours at 12.25/hr.

Required

Question 1. What were the price and quantity variances for direct material, respectively?

Question 2. What were the rate and efficiency variances for direct labor, respectively?

Reference no: EM132543027

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