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.$1,140 favorable
b.$1,180 unfavorable
c.$1,140 unfavorable
d.$1,180 favorable
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Survey of Accounting
Authors: Edmonds, old, Mcnair, Tsay
2nd edition
9780077392659, 978-0-07-73417, 77392655, 0-07-734177-5, 73379557, 978-0073379555
