In producing its product, Ranger Company used 1,500 hours of direct labor at an actual cost of

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In producing its product, Ranger Company used 1,500 hours of direct labor at an actual cost of $$15$ per hour. The standard for Ranger’s production level is 1,400 hours at $$14$ per hour. What is Ranger’s direct labor rate variance?

a. $$1,500$ favorable.

b. $$1,400$ favorable.

c. $$1,500$ unfavorable.

d. $$1,400$ unfavorable.

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Managerial Accounting

ISBN: 9780078110771

1st Edition

Authors: Stacey WhitecottonRobert LibbyRobert Libby, Patricia LibbyRobert Libby, Fred Phillips

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Question Posted: May 15, 2024 08:02 AM

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In producing its product, Ranger Company used 1,500 hours of direct labor at an actual cost of

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Managerial Accounting

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