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Direct Labor Variances The following data relate to labor cost for production of 5,600 cellular...

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Accounting

Direct Labor Variances

The following data relate to labor cost for production of 5,600 cellular telephones:

Actual: 3,790 hrs. at $12.70
Standard: 3,730 hrs. at $13.00

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 $fill in the blank 1

FavorableUnfavorableFavorable
Time variance $fill in the blank 3

FavorableUnfavorableUnfavorable
Total direct labor cost variance $fill in the blank 5

FavorableUnfavorableFavorable

b. The employees may have been less-experienced or poorly trained, thereby resulting in a

higherlowerlower

labor rate than planned. The lower level of experience or training may have resulted in

morelessless

efficient performance. Thus, the actual time required was

morelessmore

than standard.

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