Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Rams manufactures t-shirts. During January, the budgeted direct labor hours are 1,960, and the actual direct labor hours are 2,120. The budgeted labor costs are
Rams manufactures t-shirts. During January, the budgeted direct labor hours are 1,960, and the actual direct labor hours are 2,120. The budgeted labor costs are $27,440, and the actual labor costs are $27,000. Rams sold 4,513 t-shirts in January at a price of $21.5 per t-shirt. The budgeted revenue is 4,200 t-shirts or $84,000 for January. What is Rams output quantity variance for January? Please choose the closest answer.
Group of answer choices
$6,260 Favorable
$6,770 Favorable
$2,680 Favorable
$2,240 Favorable
$6,770 Unfavorable
$2,240 Unfavorable
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