Direct Labor Variances The following data relate to labor cost for production of 6,800 cellular...
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Accounting
Direct Labor Variances
The following data relate to labor cost for production of 6,800 cellular telephones:
| Actual: | 4,610 hrs. at $14.9 | |
| Standard: | 4,540 hrs. at $15.1 |
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 | Favorable |
| Time variance | $fill in the blank 3 | Unfavorable |
| Total direct labor cost variance | $fill in the blank 5 | Unfavorable |
b. The employees may have been less-experienced or poorly trained, thereby resulting in a lower labor rate than planned. The lower level of experience or training may have resulted in less efficient performance. Thus, the actual time required was more than standard.
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