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Current Attempt in Progress During March 2020, Toby Tool & Die Company worked on four jobs. A review of direct labor costs reveals the
Current Attempt in Progress During March 2020, Toby Tool & Die Company worked on four jobs. A review of direct labor costs reveals the following summary data. Actual Standard Job Number Hours Costs Hours Costs Total Variance A257 200 $4,000 210 $4,200 $200 F A258 480 11,040 468 9,360 1,680 U A259 310 6,727 312 6.240 487 U A260 110 1,980 103 2.060. 80 F Total variance $1,887 U Analysis reveals that Job A257 was a repeat job. Job A258 was a rush order that required overtime work at premium rates of pay. Job A259 required a more experienced replacement worker on one shift. Work on Job A260 was done for one day by a new trainee when a regular worker was sheent Prepare a report for the plant supervisor on direct labor cost variances for March. (Round actual rate and standard rate to 2 decimal places, e.g. 10.50.) Job No. Actual Hours: Standard Quantity Hours Variance A257 A258 A259 A260 Totals Prepare a report for the plant supervisor on direct labor cost variances for March. (Round actual rate and standard rate to 2 decimal places, e.g. 10.50) $ eTextbook and Media TOBY TOOL & DIE COMPANY Direct Labor Variance Report Quantity Variance $ $ Actual Rate Standard Rate $ $ Question 5 of 5 -/2 E 1 Prepare a report for the plant supervisor on direct labor cost variances for March. (Round actual rate and standard rate to 2 decimal ploces, e.g. 10.50.) Standard Rate eTextbook and Media $ Price Price Variance Variance
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