Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Rubble, Inc. produced 1,120 backpacks, the company's product in 2020 . The standard cost was 3 yards of cloth at a standard cost of $0.90
Rubble, Inc. produced 1,120 backpacks, the company's product in 2020 . The standard cost was 3 yards of cloth at a standard cost of $0.90 per yard. The accounting records show that 2,600 yards of cloth were used, and the company paid $1.15 per yard. Standard time to make the backpacks was 2 direct labor hours per unit at a standard rate of $9.90 per direct labor hours. Employees worked a total of 1,500 hours and were paid $9.15 per hour. Calculate the direct labor cost variance
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