Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. direct labor variances the following data relate

Direct labor variances The following data relate to labor cost for production of...

70.2K

Verified Solution

Question

Accounting

Direct labor variances
The following data relate to labor cost for production of 6,200 cellular telephones:
Actual: 4,170hrs. at $14.10
Standard: 4,100hrs. at $14.30
a. Determine the direct labor rate variance, direct labor time variance, and total direct labor cost variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.
Rate variance
Time variance
$
Total direct labor cost variance
$
(
b. The employees may have been less-experienced or poorly trained, thereby resulting in a efficient performance. Thus, the actual time required was than standard.
image

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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Marketing Financial World Does marketing create value? Give 3 examples to justify your answer

Operations Management
Q

A cross was performed in C. elegans, following the segregation of three linked genes, where...

Biology
Q

1 1 Which of the following is correct O Some living organisms are made up...

Biology
Q

have circular DNA as a genome O viroids O protozoa O fungi O gram bacteria...

Biology
Q

5 How much voltage is needed in order to produce a 0 70 A current...

Physics
Q

Consider the piecewise linear function given by the formula f(x)=(2-3xtx-2-1?x?l1

Basic Math
Q

Sealing Company manufactures three types of DVD storage units. Each of the three types requires...

Accounting
Q

In 2013, the Turnkey Company had consulting revenues of $1,000,000 while operating costs were $750,000....

Accounting
Q

Requirement 1, 2, 3, 4, and 5 please. Thank you! ...

Accounting
Q

18:02 Search + 1 English

Accounting
Q

You purchase a one year U.S. Treasury bill with a face value of $10,000 at...

Finance
Q

In December 2016, Learer Company's manager estimated next year's total direct labor cost assuming 50...

Accounting