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Exercise 11-6 (video) Lewis Companys standard labor cost of producing one unit of Product DD is 3.60 hours at the rate of $1

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Calculating Variances of Direct Labor

Particulars AR SH SR АНР Direct Labour 40320 13.1 40600 13.25 Labour Price Variance (LPV) = (SR - AR ) AHP = 13.1 -13.25 В *Particulars Direct Labour SH SR AR АНР 43680 13.4 40600 13.25 Labour Price Variance (LPV) = ( SR - AR ) AHP = 13.35 - 13.25 C

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