In producing product ZZ, 14,800 direct labor hours were used at a rate of $8.20 per hour.

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In producing product 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: 9780470534786

4th Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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Question Posted: Jun 14, 2024 01:03 AM

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In producing product ZZ, 14,800 direct labor hours were used at a rate of $8.20 per hour.

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Accounting Tools For Business Decision Making

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