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 A257 A258 A259 A260 210 440 300 120 $4,200 10,120 6,450 2,280 Hours Costs 218 $4,360 4298,580 298 5,960 112 2,240 Total Variance $160 F 1,540 U 490 U 40 F Total variance $1,910 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.) 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 shif 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.) TOBY TOOL & DIE COMPANY Direct Labor Variance Report Job No. Actual Hours Standard Hours Quantity Variance Actual Rate Standard Rate Price Variance Price Variance A257 ___th 0 A258 0 Favorable A259 + Unfavorable Neither favorable nor unfavorable A260 0 + Totals LINK TO TEXT LINK TO TEXT