Question
The following data relate to labor cost for production of 5,300 cellular telephones: Actual: 3,610 hrs. at $13.00 Standard: 3,550 hrs. at $13.30 a. Determine
The following data relate to labor cost for production of 5,300 cellular telephones:
| Actual: | 3,610 hrs. at $13.00 | |
| Standard: | 3,550 hrs. at $13.30 |
a. Determine the direct labor rate variance, direct labor time variance, and total direct labor cost variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.
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Financial Accounting Tools For Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
2nd Edition
0471347744, 978-0471347743
