Question
In: Accounting
The following data relate to direct labor costs for the current period: Standard costs 7,400 hours...
The following data relate to direct labor costs for the current period:
| Standard costs | 7,400 hours at $11.60 |
| Actual costs | 6,300 hours at $10.50 |
What is the direct labor rate variance?
a.$19,690 unfavorable
b.$6,930 favorable
c.$19,690 favorable
d.$12,760 favorable
Solutions
Expert Solution
| ANSWER TO THE QUESTION | ||||||||
| LABOUR RATE VARIANCE | b. $6930 FAVOURABLE | |||||||
| LABOUR RATE VARIANCE | ||||||||
| ACTUAL HOURS | X | ACTUAL RATE | − | ACTUAL HOURS | X | STANDARD RATE | ||
| 6300 | X | $ 10.50 | − | 6300 | X | $ 11.60 | ||
| $ 66,150.00 | − | $ 73,080.00 | ||||||
| $6930 FAVOURABLE | ||||||||
ekkarill92 answered 1 year agoRelated Solutions
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