Exercise 24-10 During March 2020, Whispering 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 220 226 A258 470 450 $5,500 13,160 8,320 2,400 $5,650 11,250 7,950 2,300 $150 F 1,910 U 370 U A259 320 318 A260 100 92 100 F Total variance $2,230 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.) WHISPERING TOOL & DIE COMPANY Direct Labor Variance Report V Job No. Actual Hours Standard Hours Quantity Variance Actual Rate Standard Rate Price Variance Price Variance A257 $ $ $ $ A258 $ $ A259 > $ $ A260 $ Totals $ $ Click if you would like to Show Work for this question: Open Show Work