Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Driver Company Ltd has set the following standards for the production of one unit of product. Normal production each month is 500 units Standard Costs

Driver Company Ltd has set the following standards for the production of one unit of product. Normal production each month is 500 units Standard Costs per unit: Direct materials: 8kg at $6.50 per kg Direct labour: 4 hours at $7.00 per hour During June, actual production amounted to 420 units. All direct material was purchased and used this month. Actual costs amounted to: Direct material: 3500kgs at a total cost of $21875 Direct labour: 1720 hours at a total cost of $12212 Required: Determine the standard direct labour rate variance for June production O a. $200 U O b. $172 U O c. $280 U O d. $168 U

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

Recommended Textbook for

Finance Construction 17 Corporate Ifrs Gaap Engineering Technologies No 10 501 11 000 Of 111 111 Laws

Authors: Tim Asikin, Steve Asikin

1st Edition

1078350590, 978-1078350594

More Books

Students also viewed these Accounting questions

Question

What is the difference between bond value and face value?

Answered: 1 week ago

Question

What are the stages of project management? Write it in items.

Answered: 1 week ago

Question

why do consumers often fail to seek out higher yields on deposits ?

Answered: 1 week ago