The following data reflect the current month’s activity for Vickers Corporation. Actual total direct labor $...

The following data reflect the current month’s activity for Vickers Corporation.


Actual total direct labor	$	688,940
Actual hours worked		37,000
Standard labor-hours allowed for actual output (flexible budget)		35,700
Direct labor price variance	$	14,060	F
Actual variable overhead	$	161,700
Standard variable overhead rate per standard direct labor-hour	$	4.40

Variable overhead is applied based on standard direct labor-hours allowed.

Required:

Compute the labor and variable overhead price and efficiency variances.

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Expert Solution

ekkarill92 answered 11 months ago

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