Question
The following data relate to direct labor costs for February: Actual costs 7,700 hours at $14.00 Standard costs 7,000 hours at $15.00 1. What is
The following data relate to direct labor costs for February:
| Actual costs | 7,700 hours at $14.00 |
| Standard costs | 7,000 hours at $15.00 |
1. What is the direct labor rate variance?
| a. | $7,000 favorable |
| b. | $7,000 unfavorable |
| c. | $7,700 favorable |
| d. | $7,700 unfavorable |
2. What is the total direct labor variance?
a. $2,800F
b. $2,800U
c. $7,700U
d. none of the above
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The Next Step Advanced Medical Coding And Auditing 2013
Authors: Carol J. Buck MS CPC CCS-P
1st Edition
1455744859, 978-1455744855
