question archive Talbot Company's standard labour cost per unit of output is $20
Talbot Company's standard labour cost per unit of output is $20
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Talbot Company's standard labour cost per unit of output is $20.00 (2 hours × $10.00 per hour). During August, the company incurs 2,200 hours of direct labour at an hourly cost of $9.70 per hour in making 1,000 units of finished product.
Calculate the total, price, and quantity labour variances.
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a.Total labour variance=1,340 Unfavourable
b.Labour price variance= 660 favourable
c.Labour quantity variance= 200 unfavourable
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