Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

ABC Company set the following direct labor standards for its single product: standard hours standard rate direct labor 3 hours per unit $12 per hour

ABC Company set the following direct labor standards for its single product: standard hours standard rate direct labor 3 hours per unit $12 per hour During June, ABC Company produced 10,573 units. Direct laborers worked a total of 69,000 hours in June and were paid a rate of $12.75 per hour. Calculate the total direct labor variance for June. If the variance is favorable, place a minus sign in front of your answer (i.e., -5000). If the variance is unfavorable, enter your answer as a number (i.e., 5000).

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions