The standard cost of product 5252 includes 1.9 hours of direct labor at $10.90 per hour. The predetermined overhead rate is $22 per direct labor hour. During July, the company incurred 4,000 hours of direct labor at an average rate of $11.20 per hour and $81,800 of manufacturing overhead costs. It produced 2,000 units.
(a)
Compute the total, price, and quantity variances for labor.
Total labor variance
$
Labor price variance
$
Labor quantity variance
$
(b)
Compute the total overhead variance.
Total overhead variance
$
