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 4,100...

80.2K

Verified Solution

Question

Accounting

Direct Labor Variances
The following data relate to labor cost for production of 4,100 cellular telephones:
Actual:
2,750 hrs. at $14.40
Standard:
2,710 hrs. at $14.70
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 q, labor rate than planned. The lower level of experience or training may have resulted in 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: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Sample A is from a 35 year old male who visited his GP complaining of chest...

Medical Sciences
Q

Explain why negative or harmful mutations have no role in the evolution of a population. How do...

Biology
Q

Due Monday March 18 1. Three pipelines as described below are arranged in 3 modes: 1) series...

Civil Engineering
Q

Question 23 The graph of h is given below 5 4 3 2 1 5...

Calculus
Q

These signs give information about two differ Study these signs carefully Then answer the questions...

Algebra
Q

The Wildhorse Hotel opened for business on May 1, 2025. Here is its trial balance...

Accounting
Q

Magic Realm, Incorporated, has developed a new tantasy board game. The company sold 24,000 games...

Accounting
Q

The dollar amount of common stock on the balance sheet of a corporation that has...

Accounting
Q

Icarus Limited is contemplating various finance options for an upcoming project. It can access additional...

Accounting
Q

We Do Bankruptcies is a law firm that specializes in providing advice to firms in...

Finance
Q

Desde la perspectiva del anlisis marginal, cul es el costo de traslado de inventario para...

Accounting
Q

The yield to maturity of a one- year, $1,000 bond that sells for $710 that...

Finance