Gauging the Favorableness of Variances variance is either good or bad. Note: Use the minus sign to indicate negative values (when the budgeted amount is greater than the actual). worked is ? This tells you that the actual cost at actual hours worked is the budgeted cost at actual hours worked. What type of variance is this? budgeted hours to have been worked is $ . This tells you that the actual hours worked at budgeted cost is budgeted hours worked at budgeted cost. What type of variance is this? Unfavorable direct labor time val Feedback Check My Work Standard Direct Labor Cost per pair of shoes. If required, round the standard labor per pair of shoes to the nearest cent. Actual Direct Labor Cost APPLY THE CONCEPTS: Conduct the direct labor cost variance analysis Illustrated Example: Calculating Direct Labor Cost Variance Gauging the Favorableness of Variances variance is either good or bad. Note: Use the minus sign to indicate negative values (when the budgeted amount is greater than the actual). worked is ? This tells you that the actual cost at actual hours worked is the budgeted cost at actual hours worked. What type of variance is this? budgeted hours to have been worked is $ . This tells you that the actual hours worked at budgeted cost is budgeted hours worked at budgeted cost. What type of variance is this? Unfavorable direct labor time val Feedback Check My Work Standard Direct Labor Cost per pair of shoes. If required, round the standard labor per pair of shoes to the nearest cent. Actual Direct Labor Cost APPLY THE CONCEPTS: Conduct the direct labor cost variance analysis Illustrated Example: Calculating Direct Labor Cost Variance