Delmar Inc. uses a standard cost system. Labor standards are 2.1 hours per widget at...
60.1K
Verified Solution
Link Copied!
Question
Accounting
Delmar Inc. uses a standard cost system. Labor standards are 2.1 hours per widget at $9.20 per hour. During August, Delmar Inc. paid its workers $153,820 for 16,500 hours. Delmar Inc. produced 8,500 widgets during August. a. Calculate the direct labor rate variance. (Do not round your intermediate calculations. Indicate the effect of variance by selecting "Favorable", "Unfavorable", or "None" for no effect (i.e., zero variance).)b. Calculate the direct labor efficiency variance. (Indicate the effect of variance by selecting "Favorable", "Unfavorable", or "None" for no effect (i.e., zero variance).)
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
