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The Trotter Company developed the following standards for the manufacture of its product: Each unit should have 2 1 2 pounds of direct materials purchased
The Trotter Company developed the following standards for the manufacture of its product:
Each unit should have pounds of direct materials purchased at $ per pound.
Each unit should be produced in hours at a direct labor cost of $ per hour.
Actual production was units using pounds of direct materials at a total cost of $ and required direct labor hours at a total cost of $ What is the price variance for direct labor? Use a positive number to indicate a favorable variance or a negative number to indicate an unfavorable variance.
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