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PRIIGILR VLADIUN D AN NEAI Exercise 23-10 During March 2017, Toby Tool & Die Company worked on four jobs. A review of direct labor costs
PRIIGILR VLADIUN D AN NEAI Exercise 23-10 During March 2017, Toby Tool & Die Company worked on four jobs. A review of direct labor costs reveals the following summary data. Job Number A257 A258 A259 A260 Total variance Actual Hours Costs 200 $5,000 460 12,420 3208,608 1 30 3,120 Standard Hours Costs 210 $5,250 443 11,075 320 8,000 125 3,125 Total Variance $250 F 1 ,345 U 608 U 5 F $1,698 U Analysis reveals that Job A257 was a repeat job. Job A258 was a rush order that required overtime work at premium rates of pay. Job A259 required a more experienced replacement worker on one shift. Work on Job A260 was done for one day by a new trainee when a regular worker was absent. Prepare a report for the plant supervisor on direct labor cost variances for March. (Round quantity variance, actual rate, standard rate and price variance to 2 decimal places, e.g. 10.50.) TOBY TOOL & DIE COMPANY Direct Labor Variance Report Job No. Actual Hours Standard Hours Quantity Variance Actual Rate Standard Rate Price Variance A257 A258 A259 A260 Totals Click if you would like to Show Work for this question: Open Show Work
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