The following data relate to direct labor costs for the current period Standard costs 36,000 hours at $22 50 Actual costs 35,000 hours at $23 00 What is the direct labor time variance a $22,500 favorable b $5,000 favorable c $17,500 unfavorable d $18,000 unfavorable

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The following data relate to direct labor costs for the current period: Standard costs 36,000 hours at $22.50 Actual costs 35,000 hours at $23.00 What

The following data relate to direct labor costs for the current period:

Standard costs	36,000 hours at $22.50
Actual costs	35,000 hours at $23.00

What is the direct labor time variance?

a. $22,500 favorable

b. $5,000 favorable

c. $17,500 unfavorable

d. $18,000 unfavorable

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