Acc310 Cost Accounting: E16-28 The following data reflect the current month’s activity for Sills

Acc310 Cost Accounting

Exercise 16-28 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-hours $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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