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Affordable Electronics Inc. manufactures medium-quality, reasonably priced DVD players. The company uses standards to control...

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Accounting

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Affordable Electronics Inc. manufactures medium-quality, reasonably priced DVD players. The company uses standards to control its costs. The labour standards that have been set for one player are as follows: Standard Hours Standard Rate Standard per Hour Cost 12 minutes (0.20 hours) $13.00 $2.60 During July, 2,750 hours of direct labour time were recorded to make 13,000 units. The direct labour cost totalled $34,375 for the month Requiredt 1-a. What direct labour cost should have been incurred to make the 13,000 DVD players? (Do not round intermediate calculations.) Direct labour cost 1-b. By how much does direct labour cost differ from the cost that was incurred? for (Indicate the effect of variance by selecting "F" for favourable, "U unfavourable, and "None" for no effect (i.e., zero variance).) Total variance

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