In producing product ZZ, 14,800 direct labor hours were used at a rate of $8.20 per hour.
Question:
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 $2,960 unfavorable.
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Related Book For 
Accounting Tools For Business Decision Making
ISBN: 9781118771112
5th Edition
Authors: Kimmel, Wetlands, Kieso
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