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Business, 27.09.2019 22:30 twhalon72

Assume martin guitar company has a standard of 3 hours of direct labor per unit produced and $20 per hour for the labor rate. during last period, the company used 24,000 hours of direct labor at a $456,000 total cost to produce 6,000 units. compute the direct labor rate and efficiency variances. a. rate variance: $120,000 unfavorable; efficiency variance: $24,000 unfavorable.
b. rate variance: $24,000 favorable; efficiency variance: $120,000 unfavorable. c. rate variance: $24,000 unfavorable; efficiency variance: $120,000 favorable. d. rate variance: $120,000 favorable; efficiency variance: $24,000 unfavorable. e. rate variance: $96,000 favorable; efficiency variance: $96,000 unfavorable.

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