In producing product (mathrm{ZZ}, 14,800) direct labor hours were used at a rate of ($ 8.20) per

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In producing product $\mathrm{ZZ}, 14,800$ direct labor hours were used at a rate of $\$ 8.20$ per hour. The standard was 15,000 hours at $\$ 8.00$ per hour. Based on these data, the direct labor:

(a) quantity variance is $\$ 1,600$ favorable.

(b) quantity variance is $\$ 1,600$ unfavorable.

(c) price variance is $\$ 2,960$ favorable.

(d) price variance is $\$ 3,000$ unfavorable.

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Accounting Tools For Business Decision Making

ISBN: 9780470377857

3rd Edition

Authors: Paul D. Kimmel

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Question Posted: May 17, 2024 05:01 AM

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In producing product (mathrm{ZZ}, 14,800) direct labor hours were used at a rate of ($ 8.20) per

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Accounting Tools For Business Decision Making

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