Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Saxena Corporation makes a product that has the following direct labor standards: Standard direct labor-hours 0.1 hours per unit Standard direct labor rate $ 15.00
Saxena Corporation makes a product that has the following direct labor standards:
Standard direct labor-hours | 0.1 | hours per unit |
---|---|---|
Standard direct labor rate | $ 15.00 | per hour |
Standard cost | $ 1.50 | per unit |
The company budgeted for production of 2,900 units in July, but actual production was 2,800 units. The company used 250 direct labor-hours to produce this output. The actual direct labor rate was $14.10 per hour.
The labor rate variance for July is:
Multiple Choice
$252 U
$225 U
$225 F
$252 F
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