During March 2022, Coronado Tool & Die Company worked on four jobs. A review of direct...
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During March 2022, Coronado 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 200 $4,400 205 $4,510 $110 F A258 470 11,280 458 10,076 1,204 U A259 320 7,520 318 6,996 524 U A260 100 2,100 95 2,090 10 U Total variance $1,628 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 factory supervisor on direct labor cost variances for March. (Round actual rate and standard rate to 2 decimal places, e.g. 10.50.) During March 2022, Coronado 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 200 $4,400 205 $4,510 $110 F A258 470 11,280 458 10,076 1,204 U A259 320 7,520 318 6,996 524 U A260 100 2,100 95 2,090 10 U Total variance $1,628 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 factory supervisor on direct labor cost variances for March. (Round actual rate and standard rate to 2 decimal places, e.g. 10.50.)
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