Question
Direct Labor Variances The following data relate to labor cost for production of 7,000 cellular telephones: Actual: 4,700 hrs. at $15.7 Standard: 4,630 hrs. at
Direct Labor Variances
The following data relate to labor cost for production of 7,000 cellular telephones:
| Actual: | 4,700 hrs. at $15.7 | |
| Standard: | 4,630 hrs. at $15.9 |
a. Determine the direct labor rate variance, direct labor time variance, and total direct labor cost variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.
| Rate variance | ||
| Time variance |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Managerial Accounting
Authors: John Wild, Ken Shaw
5th edition
978-1259176494, 1259176495, 978-1259347641, 1259347648, 978-0078025600
