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Mordica Company’s standard labor cost per unit of output is $32.40 (2.70 hours x $12.00 per...

Mordica Company’s standard labor cost per unit of output is $32.40 (2.70 hours x $12.00 per hour). During August, the company incurs 2,970 hours of direct labor at an hourly cost of $10.80 per hour in making 1,000 units of finished product.

Compute the total, price, and quantity labor variances. (Round answers to 2 decimal places, e.g. 52.75.)

enter a dollar amount rounded to 2 decimal places

 select an option                                                          UnfavorableNeither favorable nor unfavorableFavorable

enter a dollar amount rounded to 2 decimal places

 select an option                                                          Neither favorable nor unfavorableUnfavorableFavorable

enter a dollar amount rounded to 2 decimal places

 select an option                                                          UnfavorableNeither favorable nor unfavorableFavorable
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Homework Answers

Answer #1

Total - $324 Favourable.

Labor Price Variance = $3,564 Favourable.

Labor Quantity Variance = $3,240 Unfavourable.

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