accounting-Tiger Company makes a product and uses the following standard unit costs
QUESTION
Tiger Company makes a product and uses the following standard unit costs for that product:Direct material quantity standard 6 pound per unitDirect material price standard$ 9 per poundDirect labor time standard3.5 hours per unitDirect labor rate standard$12 per hourVariable manufacturing overhead rate standard$ 6 per machine hourFixed manufacturing overhead rate standard$ 5 per machine hourMachine hours standard3 hours per unitGiven the flowing actual cost and usage data, compute the direct labor rate and the direct labor efficiency variances.
ANSWER:
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