The following data relate to direct labor costs for the production of smart tablets. Actual: ......... 6,300

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The following data relate to direct labor costs for the production of smart tablets.

Actual: ......... 6,300 hrs. at $23.00.............. $144,900

Standard: ...... 6,300 hrs. at $24.50 .............. $147,000

a. Determine the rate variance, time variance, and total direct labor cost variance.

b. Discuss what might have caused these variances?

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Survey of Accounting

ISBN: 978-1305961883

8th edition

Authors: Carl S. Warren

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Question Posted: Feb 16, 2017 09:36 AM

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The following data relate to direct labor costs for the production of smart tablets. Actual: ......... 6,300

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a Rate variance Direct Labor Rate Variance Actual Rate per Hour Standard Rate per Hour Ac...View the full answer

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