(Answered) Variable cost variancesthe following data reflect the

Accounting

Variable Cost Variances

The following data reflect the current month's activity for Sills, Inc.:

Actual total direct labor.. 546,000

actual hours worked ... 26,000

standard labor-hours allowed for actual output (flexible budget)... 27,000

direct labor price variance... 19,500 U

Actual variable overhead.. 132,600

Standard variable overhead rate per standard direct labor-hour .. 5.25

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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