Question
Japan Company produces lamps that require 2 standard hours per unit at an hourly rate of $13.40 per hour. Production of 3,100 units required 6,080
Japan Company produces lamps that require 2 standard hours per unit at an hourly rate of $13.40 per hour. Production of 3,100 units required 6,080 hours at an hourly rate of $13.00 per hour. Enter favorable variances as negative numbers.
| (a) Determine the direct labor rate variance. | $fill in the blank 1 | FavorableUnfavorable |
| (b) Determine the direct labor time variance. | $fill in the blank 3 | FavorableUnfavorable |
| (c) Determine the cost variance. | $fill in the blank 5 | FavorableUnfavorable |
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Introduction to Managerial Accounting
Authors: Peter Brewer, Ray Garrison, Eric Noreen
7th edition
978-1259675539, 125967553X, 978-1259594168, 1259594165, 78025796, 978-0078025792
