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Due tonight, please help! Thank you! During March 2017, Toby Tool & Die Company worked on four jobs. A review of direct labor costs reveals
Due tonight, please help! Thank you!
During March 2017, Toby Tool & Die Company worked on four jobs. A review of direct labor costs reveals the following summary data. Actual Job Number Hours Costs 200 $4,000 A258 430 9,460 A259 300 6,300 A260 110 2,090 Total variance Standard Hours Costs 205 $4,100 420 8,400 298 5.960 105 2,100 Total Variance $100F 1.060 u 340 V 10 $1,290 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 absent. Prepare a report for the plant supervisor on direct labor cost variances for March. (Round quantity variance, actual rate, standard rate and price variance to 2 decimal places, e.g. 10.50.) TOBY TOOL & DIE COMPANY Direct Lahor Variance Report Job No. Actual Hours Standard Hours Quantity Variance Actual Rate Standard Rate Price Variance A257 A258 A259 A260 Totals Step by Step Solution
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