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  3. questions 1 and 2 refer to the following informati

Questions 1 and 2 refer to the following information The following information is for direct...

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Accounting

Questions 1 and 2 refer to the following information

The following information is for direct labor cost for X Company for 2016:

Budgeted labor hours per unit of product 2

Budgeted hourly wage rate $12.00

Budgeted production 5,780 units

Actual labor hours per unit of product 1.7

Actual hourly wage rate $12.40

Actual production 5,410 units

1. What was the direct labor static budget for 2016?

2. What was the direct labor flexible budget variance for 2016 (a positive number means a favorable variance; a negative number means an unfavorable variance)?

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