Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 13 2 pts Party Time Products has the following standard costs for its sole product Direct Materials (2 pounds at $4.50 per pound) $9.00

image text in transcribed

Question 13 2 pts Party Time Products has the following standard costs for its sole product Direct Materials (2 pounds at $4.50 per pound) $9.00 per unit $7.20 per unit Direct Labor (0.6 hours at $12.00 per hour) During August, Party Time produced 2,000 units, bought and used 4,200 pounds of direct material at $4.80 per pound, and used 1,100 hours of labor at a total cost of $14,025 Based on this information, what is the direct labor rate variance? O $825 unfavorable $900 unfavorable O $900 favorable $825 favorable

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

The Essential Handbook Of Internal Auditing

Authors: K. H. Spencer Pickett

1st Edition

0470013168, 978-0470013168

More Books

Students also viewed these Accounting questions

Question

What is one of the skills required for independent learning?Explain

Answered: 1 week ago