Standard hours allowed = 19200*0.45 = 8640 |
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Labor cost allowed = 8640*6.20 = 53568 |
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Labor spending variance = 53568-55937 = 2369 U |
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Labor Rate Variance = (SR-AR) *AH = (6.20-55937/9170)*9170 = 917 F Labor efficiency variance = (SH-AH) *SR = (8640-9170)*6.20 = 3286 U |
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Voh rate variance = (SR-AR) *AH = (4.10 - 44016/9170)*9170 = 6419 U Voh efficiency variance = (SH-AH)*SR = (8640-9170)*4.10 = 2173 U |
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Erie Company manufactures a mobile fitness device called the Jogging Mate. The company uses standards to...
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