Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Panther Tire Corporation manufactures automobile tires. Panther Tire Corporation reported the following budgeted (standard) and actual information last quarter data: Standard direct labor hours per

image text in transcribedimage text in transcribed

Panther Tire Corporation manufactures automobile tires. Panther Tire Corporation reported the following budgeted (standard) and actual information last quarter data: Standard direct labor hours per tire 0.5 Standard rate per direct labor hour $15.50 Actual direct labor hours 2,900 Actual total direct labor cost $62.000 Actual number of tires produced 5.000 What is the direct labor efficiency variance for last quarter? O A. $17.050 favorable OB. $17.050 unfavorable O c. $6.200 favorable OD. $6,200 unfavorable Panther Tire Corporation manufactures automobile tires, Panther Tire Corporation reported the following budgeted (standard) and actual information last quarter data: Standard direct labor hours per tire 0.5 Standard rate per direct labor hour $15.50 Actual direct labor hours 2.900 Actual total direct labor cost $62000 Actual number of tires produced 5.000 What is the direct labor efficiency variance for last quarter? O A. $17,050 favorable OB. $17,050 unfavorable OC. $8.200 favorable OD. $8.200 unfavorable

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

Study Guide For Use With Managerial Accounting

Authors: Ronald M. Copeland, Paul E. Dascher, Jerry R. Strawser, Robert H. Strawser

1st Edition

0873937651, 978-0873937658

More Books

Students also viewed these Accounting questions