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Japan company produces lamps that require two standard hours per unit at an hourly rate of $16.50 per hour. If 7,400 units required 14,500 hours
Japan company produces lamps that require two standard hours per unit at an hourly rate of $16.50 per hour. If 7,400 units required 14,500 hours at an hourly rate of $17.00 per hour. Enter FAVORABLE variances as negative numbers.
(a) Determine the direct labor rate variance. | ||
(b) Determine the direct labor time variance. | ||
(c) Determine the cost variance. |
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