Questions 1 and 2 refer to the following information The following information is for direct...
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Accounting
Questions 1 and 2 refer to the following information The following information is for direct labor cost for X Company for 2016:
Budgeted labor hours per unit of product
2
Budgeted hourly wage rate
$12.00
Budgeted production
5,780 units
Actual labor hours per unit of product
1.7
Actual hourly wage rate
$12.40
Actual production
5,410 units
1. What was the direct labor static budget for 2016?
2. What was the direct labor flexible budget variance for 2016 (a positive number means a favorable variance; a negative number means an unfavorable variance)?
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