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Annapolis Company completes job #601 which has a standard of 650 labor hours at a standard...

Annapolis Company completes job #601 which has a standard of 650 labor hours at a standard rate of $19.90 per hour. The job was completed in 560 hours and the average actual labor rate was $19.40 per hour. What is the labor efficiency (quantity) variance? A negative number indicates an favorable variance and a positive number indicates an unfavorable variance.

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Answer #1

Labor efficiency variance

= (SH-AH) * SR

= (650 - 560)*19.90

= -1791 Favourable (don't forget the minus sign)
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