Question
Exercise 23-10 Partially correct answer. Your answer is partially correct. Try again. During March 2017, Toby Tool & Die Company worked on four jobs. A
Exercise 23-10 Partially correct answer. Your answer is partially correct. Try again. During March 2017, 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 $4,000 205 $4,100 $100 F A258 450 10,350 433 8,660 1,690 U A259 315 6,678 315 6,300 378 U A260 110 2,090 105 2,100 10 F Total variance $1,958 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 quantity variance, actual rate, standard rate and price variance to 2 decimal places, e.g. 10.50.) TOBY TOOL & DIE COMPANY Direct Labor Variance Report Entry field with correct answer For the Month Ended March 31, 2017 Job No. Actual Hours Standard Hours Quantity Variance Actual Rate Standard Rate Price Variance A257 Entry field with correct answer 200 Entry field with correct answer 205 $Entry field with incorrect answer 5 Entry field with correct answer Favorable $Entry field with incorrect answer $Entry field with incorrect answer $Entry field with correct answer Entry field with correct answer Neither favorable nor unfavorable A258 Entry field with correct answer 450 Entry field with correct answer 433 Entry field with incorrect answer -17 Entry field with correct answer Unfavorable $Entry field with incorrect answer $Entry field with incorrect answer Entry field with incorrect answer Entry field with correct answer Unfavorable A259 Entry field with correct answer 315 Entry field with correct answer 315 Entry field with correct answer 0 Entry field with correct answer Neither favorable nor unfavorable $Entry field with incorrect answer $Entry field with incorrect answer Entry field with incorrect answer Entry field with correct answer Unfavorable A260 Entry field with correct answer 110 Entry field with correct answer 105 Entry field with incorrect answer -5 Entry field with correct answer Unfavorable $Entry field with incorrect answer $Entry field with incorrect answer Entry field with incorrect answer Entry field with correct answer Favorable Totals $Entry field with incorrect answer -17 Entry field with correct answer Unfavorable $Entry field with incorrect answer Entry field with correct answer Unfavorable. What more information is needed?
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