Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Moms Apple Pie Company uses a standard cost system. The standard direct labor time for each pie is 20 minutes. During the most recent month,

Moms Apple Pie Company uses a standard cost system. The standard direct labor time for each pie is 20 minutes. During the most recent month, the company produced and sold 4,500 pies. The standard direct labor rate is $27.00 per hour; the actual labor rate per hour for the month was $27.50. The company used a total of 1,490 labor hours.

What was the direct labor rate variance for the month? Was this variance favorable (F) or unfavorable (U)? (Do not round intermediate calculations.)

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

Step: 3

blur-text-image

Ace Your Homework with AI

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

Get Started

Recommended Textbook for

Accounting And Finance An Introduction

Authors: Eddie McLaney, Peter Atrill

10th Edition

1292312262, 978-1292312262

More Books

Students also viewed these Accounting questions

Question

6. Creating: Creating something new by combining different ideas.

Answered: 1 week ago

Question

How can you listen critically to others public speeches?

Answered: 1 week ago