Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Mochel Company employs a standard cost system in which direct materials inventory is carried at standard cost. The company has established the following standard for
Mochel Company employs a standard cost system in which direct materials inventory is carried at standard cost. The company has established the following standard for the direct labor costs of one unit of product: Standard Standard Hours 1.3 hours Rate -taller- $22.40/hour 29.12 Standard Cost The total factory wages for June were $1,062,560, 80 percent of which were for direct labor. The company manufactured 29,000 units of product during June using 37,120 direct labor hours. The direct labor rate variance for June is: (Do not round intermediate calculations.)
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