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During March 2020, Toby Tool & Die Company worked on four jobs. A review of direct labor costs reveals the following summary data. Standard
During March 2020, Toby Tool & Die Company worked on four jobs. A review of direct labor costs reveals the following summary data. Standard Actual Job Number Hours Costs Hours Costs Total Variance A257 200 $4,400 210 $4.620 $220 F A258 460 11.500 443 9.746 1,754 U A259 300 7,020 300 6,600 420 U A260 110 2,310 102 2,244 66 F Total variance $2,020 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 absent. Prepare a report for the plant supervisor on direct labor cost variances for March. (Round actual rate and standard rate to 2 decimal places, eg. 10.50) Prepare a report for the plant supervisor on direct labor cost variances for March. (Round actual rate and standard rate to 2 decimal places, eg. 10.50) Job No. Actual Hours Standard Quantity Hours Variance A257 $ A258 A259 A260 theeled Andin 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) Quantity Variance eTextbook and Media: TOBY TOOL & DIE COMPANY Direct Labor Variance Report S Actual Rate Standard Rate $ $ $ $ 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.) Standard Rate Price Price Variance Variance $
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