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Standard cost system labor variance
The following computations of March labor variances for Sam's Supply Company are incomplete.The missing items are labeled (a)through (d).If necessary,round your answers.
Labor rate variance = 4,800 hours × [(a)− $8.50] = $350 favorable
Labor efficiency variance = (b)× [5,000 hours − (c)] = $(d)
On the appropriately labeled line,identify each missing item by name (a through c)and show the missing value (a through d).Show supporting computations in the space provided.
(a)________ $________
(b)________ $________
(c)________ ________ hours
(d)$________ F or U (Circle the correct term. )
(e)During March,the supervisor left for vacation without arranging for a replacement.Which variances would have been most affected by this situation? ________
Computations
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