a) Total standard labor cost for actual production = Actual production*Std hr per unit*Std rate
= 11,600 units*3.7 hrs*$12.6 = $540,792
Actual labor cost = Actual labor hrs*Actual labor rate
= 43,500 hrs*$12.80 = $556,800
Total labor variance = Std labor cost for actual production - Actual labor cost
= $540,792 - $556,800 = $16,008 Unfavorable
b) Labor Price Variance = (Std rate - Actual rate)*Actual hrs
= ($12.6 - $12.80)*43,500 hrs = $8,700 Unfavorable
Labor Quantity Variance = (Std hrs - Actual hrs)*Std rate
= [(11,600*3.7 hrs) - 43,500 hrs]*$12.6 = $7,308 Unfavorable
c) Labor Price Variance = (Std rate - Actual rate)*Actual hrs
= ($12.9 - $12.80)*43,500 hrs = $4,350 Favorable
Labor Quantity Variance = (Std hrs - Actual hrs)*Std rate
= [(11,600*4.1 hrs) - 43,500 hrs]*$12.9 = $52,374 Favorable
LALLULATUR PULL SCREEN PRINTER VERSIUN BALK NEAI Exercise 23-6 Lewis Company's standard labor cost of producing...
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