Answered step by step
Verified Expert Solution
Question
00
1 Approved Answer
Use the following data to find the direct labor rate variance if the company produced 6,200 units of product during the period. Standard: Direct labor
Use the following data to find the direct labor rate variance if the company produced 6,200 units of product during the period.
| Standard: | |||
| Direct labor (3.5 hrs. per unit @ $7/hr.) | $ | 24.50 | per unit |
| Actual cost incurred: | |||
| Direct labor (22,800 hrs. @ $7.7/hr.) | $ | 175,560 | |
Multiple Choice
-
$15,960 unfavorable.
-
$7,700 unfavorable.
-
$7,700 favorable.
-
$15,960 favorable.
-
$23,660 favorable.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started