Use the Following Cost Information to Calculate the Direct Labor

question 33

Essay

Use the following cost information to calculate the direct labor rate and efficiency variances and indicate whether they are favorable or unfavorable.
$\begin{array}{lc} \text { Actual costs and quartities: } \\\text { Direct labor cost incurred } & \$ 360,000 \\\text { Direct labor hours used } & 20,000 \text { hours } \\\text { Units produced } & 45,000 \text { units } \\\text { tandard costs and quantities: } & \\\text { Direct labor rate per hour } & \$ 16.50 \\\text { Hours to produce one unit } & 0.5 \text { hours }\end{array}$

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Definitions:

Two-Way Communication

A process of exchange where information is sent and received by both parties, facilitating open dialogue and feedback.

True Dialogue

Authentic and meaningful conversation where parties engage in genuine listening and exchange ideas with openness and respect.

Argument

A discussion involving differing points of view or a formal debate, often centered on a particular topic or issue.

Gall Bladder

A small, pear-shaped organ located under the liver which stores and concentrates bile.