Memorable Moments manufactures a product that uses 2.5 stand…
Memorable Moments manufactures a product that uses 2.5 standard labor hours per unit at a standard hourly rate of $12.00 per hour. If actual production of 3,000 units required 7,400 actual DL hours at an hourly rate of $12.40 per hour, what is the DL Price Variance and DL Efficiency Variance?