Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. accurate tax return budgets two direct labor hours

Accurate Tax return budgets two direct labor hours for every tax return that it prepares,...

80.2K

Verified Solution

Question

Accounting

Accurate Tax return budgets two direct labor hours for every tax return that it prepares, at a standard cost of $32.00 an hour. During the most recent year, 500 returns were completed with the labor cost totaling $26,000. The actual labor cost was $52.00 per hour during that period. The actual number of labor hours was 1,000. What is the direct labor cost variance?

A. $32,000 Unfavorable

B. $10,000 Favorable

C. $20,000 Unfavorable

D. $32,000 Favorable

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

Statistics
1.2K views

- What is a normal distribution and why is it useful for understanding probabilities and statistics?...

Chemistry
1.2K views

The heat of fusion of ice is 6.00 kJ/mol. Find the number of photons of wavelength...

Chemistry
1.2K views

20.0 mL of 4.00 M HF and 40.0 mL of 2 M HCL are mixed. What...

General Management
1.2K views

As a manager, you will often encounter situations related to diversity challenges that are new to...

Physics
1.2K views

5 A thin soap film is attached to a light rod in a massless frame...

Basic Math
1.2K views

Find the magnitude and direction angle of the vector v.v = 3(cos 50i + sin...

Basic Math
1.2K views

stion 18 unctuation at the end of a senten or an exclamation point is known

Basic Math
1.2K views

Evaluate the following integral using trigonometric substitution.??64-x dxBe sure your written work includes your trigonometric...

Calculus
1.2K views

The costs of a company are represented by the function C x 0 22x 1...

Accounting
1.2K views

Inventory records for Marvin Company revealed the following: Date Transaction Number of Units Unit Cost...

Accounting
1.2K views

Required information [The following information applies to the questions displayed below.) Hills Company's June 30...

Accounting
1.2K views

Question 2: Convergence (xx points) Suppose that you work in the World Bank and you...