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Japan Company produces lamps that require 3 standard hours per unit at an hourly rate of $15.70 per hour. Production of 6,900 units required 20,290
Japan Company produces lamps that require 3 standard hours per unit at an hourly rate of $15.70 per hour. Production of 6,900 units required 20,290 hours at an hourly rate of $16.20 per hour.
(a) Determine the direct labor rate variance. | $ | Favorable or not |
(b) Determine the direct labor time variance. | $ | Favorable or not |
(c) Determine the cost variance. | $ | Favorable or not |
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