The following data relate to labor cost for production of 33,000 cellular telephones: ...
50.1K
Verified Solution
Link Copied!
Question
Accounting
The following data relate to labor cost for production of 33,000 cellular telephones:
Actual:
6,330 hrs. at $49.50
Standard:
6,240 hrs. at $51.00
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
Time variance
$fill in the blank 3
Total direct labor cost variance
$fill in the blank 5
b. The employees may have been less-experienced workers who were paid less than more-experienced workers or poorly trained, thereby resulting in a labor rate than planned. The lower level of experience or training may have resulted in efficient performance. Thus, the actual time required was 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!
