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bachelor in business administration
Polytechnic State University Sanluis
Jan-2006 - Nov-2010
CPA
Polytechnic State University
Jan-2012 - Nov-2016
Professor
Harvard Square Academy (HS2)
Mar-2012 - Present
Items 1 and 2 are based on the following information:
The standard direct labor cost to produce one pound of output for a company is presented below. Related data regarding the planned and actual production activities for the current month for the company are also given below.
NOTE: DLH = Direct Labor Hours.
|
Direct Labor Standard: |
 | |
| Â |
.4 DLH @ $12.00 per DLH = $4.80 |
 |
|
Planned production |
15,000 pounds |
|
|
Actual production |
15,500 pounds |
|
|
Actual direct labor costs (6,250 DLH) |
$75,250 |
|
| Â | Â | Â |
The company’s direct labor rate variance for the current month would be
The company’s direct labor efficiency variance for the current month would be
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