Question
The standard costs and actual costs for direct labor in the manufacture of 2,500 units of product are as follows: Standard Costs Direct labor 7,500
The standard costs and actual costs for direct labor in the manufacture of 2,500 units of product are as follows:
| Standard Costs | |
| Direct labor | 7,500 hours at $11.80 |
| Actual Costs | |
| Direct labor | 7,400 hours at $11.40 |
The direct labor time variance is
a.$1,180 favorable
b.$1,140 favorable
c.$1,180 unfavorable
d.$1,140 unfavorable
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The People Policies Audit
Authors: Maurice A. Phelps
1st Edition
1907766049, 978-1907766046
