Question
Japan Company produces lamps that require 2 standard hours per unit at an hourly rate of $15.40 per hour. Production of 3,000 units required 5,820
Japan Company produces lamps that require 2 standard hours per unit at an hourly rate of $15.40 per hour. Production of 3,000 units required 5,820 hours at an hourly rate of $14.90 per hour. Enter favorable variances as negative numbers.
| (a) Determine the direct labor rate variance. | $ | For UF |
| (b) Determine the direct labor time variance. | $ | F or UF |
| (c) Determine the cost variance. | $ | F or UF |
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Auditing Assurance And Risk
Authors: W. Robert Knechel, Steve Salterio, Brian Ballou
2rd Edition
0324022131, 978-0324022131
