*Exercise 11-10 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 200 $4,200 A258 440 10,120 A259 A260 300 110 6,600 2,200 207 $4,347 424 8,904 300 6,300 105 2,205 $147 F 1,216 U Total variance 300 U 5 F $1,364 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.) Quantity Variance $ Job No. Actual Hours Standard Hours A257 A258 A259 A260 Totals $ TOBY TOOL & DIE COMPANY Direct Labor Variance Report Actual Rate Standard Rate Price Price Variance Variance $ $ $ $ $ $