Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

LVN Corporation's direct labor costs and related information for the month of June were as follows: Actual total direct laborminushours 1,000 Standard total direct laborminushours

LVN Corporation's direct labor costs and related information for the month of June were as follows:

Actual total direct

laborminushours

1,000

Standard total direct

laborminushours

500

Total direct labor cost

$16,500

Unfavorable direct labor rate (rate) variance

$600

What is LVN Corporation's direct labor efficiency variance? (Round any intermediary calculations to the nearest cent and your final answer to the nearest dollar.)

A.

$7,950 unfavorable

B.

$7,950 favorable

C.

$16,500 unfavorable

D.

$16,500 favorable

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

=+is the product of the moment generating functions of X' and Y'.

Answered: 1 week ago

Question

Write down the Limitation of Beer - Lamberts law?

Answered: 1 week ago

Question

Discuss the Hawthorne experiments in detail

Answered: 1 week ago

Question

Explain the characteristics of a good system of control

Answered: 1 week ago

Question

State the importance of control

Answered: 1 week ago