Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. direct labor variances the following data relate t

Direct Labor Variances The following data relate to labor cost for production of 6,000 cellular...

70.2K

Verified Solution

Question

Accounting

image
Direct Labor Variances The following data relate to labor cost for production of 6,000 cellular telephones: Actual: 4,030 hrs. at $15.50 3,970 hrs. at $15.70 Standard: a. Determine the direct labor rate variance, direct labor time variance, and total direct labor cost variance, Enter a favorable variance as a negative minus sign and an unfavorable variance as a positive number. Rate variance Favorable Time variance Unfavorable Total direct labor cost variance Favorable b. The employees may have been less-experienced or poorly trained, thereby resulting in a higher labor rate than planned. The lower level training may have resulted in more efficient performance. Thus, the actual time required was more than standard

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