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 210 $4,200 216 $4,320 $120 F A258 470 10,810 457 9,140 1,670 U A259 305 6,405 307 6,140 265 U A260 110 2,090 104 2,080 10 F Total variance $1,825 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, e.g. 10.50.) Standard Job No. Actual Hours Quantity Variance Hours A257 210 216 $ 120 i Favorable A258 470 457 -260 i Unfavorable A259 305 307 40 Favorable A260 110 104 Unfavorable Totals $ Unfavorable 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 210 $4,200 216 $4,320 $120 F A258 470 10,810 457 9,140 1,670 U A259 305 6,405 307 6,140 265 U A260 110 2,090 104 2,080 10 F Total variance $1,825 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, e.g. 10.50.) BY TOOL & DIE COMPANY ct Labor Variance Report 2 Month Ended March 31, 2020 Price Actual Rate Standard Rate Variance $ 20 $ 20 $ i Neither favorable nor unfavi $ 23 $ 20 - 1410 i Unfavorable Todd $ 21 $ 20 -305 i Unfavorable $ 19 $ 20 110 i Favorable $ - 1605 i Unfavorable 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 210 $4,200 216 $4,320 $120 F A258 470 10,810 457 9,140 1,670 U A259 305 6.405 307 6,140 265 U A260 110 2,090 104 2,080 10 F Total variance $1,825 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, e.g. 10.50.) Standard Rate Price Variance Price Variance 20 $ i Neither favorable nor unfavorable Repeat Job 20 - 1410 i Unfavorable Rush Job 20 -305 i Unfavorable Replacement Worker 20 110 i Favorable V New Trainee $ - 1605 Unfavorable
