Answered step by step
Verified Expert Solution
Question
1 Approved Answer
McBiley Publishers produces textbooks for colleges and universities. The standard direct labor quantity per textbook is 0.5 direct labor hours and the standard direct
McBiley Publishers produces textbooks for colleges and universities. The standard direct labor quantity per textbook is 0.5 direct labor hours and the standard direct labor rate is $14 per hour. Last month, 150,000 textbooks were produced and 73,500 actual direct labor hours were worked. The company's direct labor payroll for last month was $977,550. What was the total direct labor variance? $21,000 favorable O $72,450 favorable $71,001 favorable O $51,450 favorable
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started