Question
Vitiva Inc. produced 4,000 units of product. Each unit requires 0.5 standard hour. The standard labor rate is $12 per hour. Actual direct labor for
Vitiva Inc. produced 4,000 units of product. Each unit requires 0.5 standard hour. The standard labor rate is $12 per hour. Actual direct labor for the period was $22,000
(2,200 hours * $10 per hour). The direct labor time variance is:
A. 100 hours unfavorable B. $2,000 unfavorable
C. $4,000 favorable D. $2,400 unfavorable
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Auditing And Society Research On Audit Practice And Regulations
Authors: Wally Smieliauskas, Minlei Ye, Ping Zhang
1st Edition
1138314129, 978-1138314122
