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Problem 21-3A Flexible budget preparation; computation of materials, labor, and overhead variances; and overhead variance repThe company incurred the following actual costs when it operated at 75% of capacity in October. $ 239,200 302,400 Direct mate4. Compute the direct labor cost variance, including its rate and efficiency variances. AH = Actual Hours SH = Standard Hours

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Answer #1
Actual Cost Standard cost
AH AR AH*AR AH SR AH*SR SH SR SH*SR
21000 14.40 302400 21000 14 294000 25500 14 357000
8400 63000
Labor rate variance 8400 Unfavorable
Labor efficiency variance 63000 Favorable
Total labor variance 54600 Favorable
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