Japan Company produces lamps that require 3 standard hours per unit at a standard hourly...

60.1K

Verified Solution

Question

Accounting

Japan Company produces lamps that require 3 standard hours per unit at a standard hourly rate of $18.00 per hour. Production of 8,700 units required 25,320 hours at an hourly rate of $18.40 per hour. What is the direct labor (a) rate variance,

(b) time variance, and

(c) total cost variance?

Enter favorable variances as negative numbers.

a. Direct labor rate variance $ -10,128 Favorable

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