1. The following data relate to direct labor costs for the current period:

Standard costs	7,500 hours at $11.20
Actual costs	6,400 hours at $10.60

What is the direct labor time variance?

a.$12,320 unfavorable

b.$11,660 favorable

c.$11,660 unfavorable

d.$12,320 favorable

2.

Question Content Area

Use this information to answer the question that follow. The following data relate to direct materials costs for February: Materials cost per yard: standard, $1.98; actual, $2.05 Standard yards per unit: standard, 4.74 yards; actual, 5.20 yards Units of production: 9,300 Calculate the direct materials quantity variance.

a.$8,769.90 favorable

b.$8,470.44 favorable

c.$8,769.90 unfavorable

d.$8,470.44 unfavorable