Pearline Greenfelder
Feb 08, 2025
The following data reflect the current month’s activity for Vickers Corporation: Actual total direct labor $ 678,170 Actual hours
The following data reflect the current month’s activity for Vickers Corporation:
- Actual total direct labor: $678,170
- Actual hours worked: 36,500
- Standard labor-hours allowed for actual output (flexible budget): 35,400
- Direct labor price variance: $15,330 (Favorable)
- Actual variable overhead: $148,350
- Standard variable overhead rate per standard direct labor-hour: $4.10
Variable overhead is applied based on the standard direct labor-hours allowed.
Required: Compute the labor and variable overhead price and efficiency variances. Indicate the effect of each variance by selecting "F" for favorable or "U" for unfavorable. If there is no effect, do not select either option.
4 Answers
Feb 20, 2025
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