Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. direct labor variances venneman company produces a

Direct Labor Variances Venneman Company produces a product that requires 8 standard hours per unit...

50.1K

Verified Solution

Question

Accounting

image
Direct Labor Variances Venneman Company produces a product that requires 8 standard hours per unit at a standard hourly rate of $14.00 per hour. If 3,100 units required 24,100 hours at an hourly rate of $14.28 per hour, what is the direct labor (a) rate variance, (b) time varianice, and (c) total direct labor cost variance? Enter a favorable variance as a negative number using a minus sign and un unfovorable varlance as a positive number, a. Direct labor rate variance b. Direct labor time variance c. Total direct labor cost variance

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

Psychology
1.2K views

Which perspective on how to decide matters of sexual morality is most convincing to you: Utilitarianism, Kantianism,...

Electrical Engineering
1.2K views

A 120VAC fan is to be controlled by an MSP430F2273. Assuming the maximum fan current is 2A,...

Physics
1.2K views

Two circuits are shown in the figure a b At a frequency of rad s...

Basic Math
1.2K views

A weather balloon is launched from the ground at a spot 250 yards from a...

Accounting
1.2K views

Amina owes a local bank in Oklahoma of $5,500. The due date of the date...

Accounting
1.2K views

Accounting 4. During June, the following changes in inventory item A...

Accounting
1.2K views

What is the answer to E16-1

Accounting
1.2K views

You have found three investment choices for a one-year deposit: 9.7 % APR compounded monthly,...

Accounting
1.2K views

1.) Super-Tee Co. plans to sell 12,000 T-shirts at $16 each in the coming year....

Accounting
1.2K views

Old MathJax webview ...

Accounting
1.2K views

What are some similarities and differences between assets and expense

Accounting
1.2K views

Premium CandyPremium Candy Inc. is a producer of premium chocolate based in Palo Alto. The...