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Hassock Corp. produces woven wall hangings. It takes 4 hours of direct labor to produce a...

Hassock Corp. produces woven wall hangings. It takes 4 hours of direct labor to produce a single wall hanging. Hassock’s standard labor cost is $18 per hour. During August, Hassock produced 8,900 units and used 36,170 hours of direct labor at a total cost of $647,160. What is Hassock’s labor efficiency variance for August?

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Solution: LABOUR EFFICIANCY VARIANCE (SH-AH) XSR (8900*4-36170) *18 10260 U | SR STANDARD RATE AR ACTUAL RATE SH STANDARD HOU

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