Standard Cost System Labor Variance

question 100

Essay

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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