(Solution) - The following data reflect the current month s activity for Sill -(2025 Original AI-Free Solution)

Paper Details

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.