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Japan Company produces lamps that require 3 standard hours per unit at an hourly rate of $11.80 per hour. Production of 8,500 units required 26,010
Japan Company produces lamps that require 3 standard hours per unit at an hourly rate of $11.80 per hour. Production of 8,500 units required 26,010 hours at an hourly rate of $12.20 per hour. Enter favorable variances as negative numbers.
(a) Determine the direct labor rate variance. | $fill in the blank 1 | FavorableUnfavorableFavorable |
(b) Determine the direct labor time variance. | $fill in the blank 3 | FavorableUnfavorableUnfavorable |
(c) Determine the cost variance. | $fill in the blank 5 | FavorableUnfavorable |
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