13. The following data relate to direct labor costs for the current period:Standard costs3,200 hours at $8.253,800 hours at $8.75Actual costsWhat is the direct labor time variance?a. $4,950 favorableb. $4,950 unfavorablec. $1,900 unfavorabled. $1.900 favorable

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Description: 13. The following data relate to direct labor costs for the current period:Standard costs3,200 hours at $8.253,800 hours at $8.75Actual costsWhat is the direct labor time variance?a. $4,950 favorableb. $4,950 unfavorablec. $1,900 unfavorabled. $1.90

Direct Labor Time Variance Direct Labor Time Variance = (Standard labor hours allowed for actual…

Business

Accounting

13. The following data relate to direct labor costs for the current period: 3,200 hours at $8.25 3,800 hours at $8.75 Standard costs Actual costs What is the direct labor time variance? a. $4,950 favorable b. $4,950 unfavorable c. $1,900 unfavorable d. $1.900 favorable

13. The following data relate to direct labor costs for the current period: 3,200 hours at $8.25 3,800 hours at $8.75 Standard costs Actual costs What is the direct labor time variance? a. $4,950 favorable b. $4,950 unfavorable c. $1,900 unfavorable d. $1.900 favorable

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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A company's standard is 2 hours of direct labor per unit at a rate of $45 per hour. The company shows the following for the year. Actual units produced Actual direct labor used 5,120 units 10,040 hours Actual cost of direct labor used AH = Actual Hours SH=Standard Hours AR= Actual Rate SR Standard Rate Complete this question by entering your answers in the tabs below. Required A Required B Compute the direct labor rate variance, direct labor efficiency variance, and the total direct labor variance. For each variance, indicate whether it is favorable or unfavorable. Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Actual Cost $ $ 471,880 0 $ 0 0 Standard Cost
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The following data relate to direct labor costs for the current period: 7,200 hours at $11.00 6,400 hours at $10.80 Standard costs Actual costs The direct labor time variance is O a. $8,800 unfavorable O b. $8,640 favorable O c. $8,640 unfavorable O d. $8,800 favorable
The following data relate to direct labor costs for the current period: Line Item Description Value Standard costs 7,000 hours at $11.90 Actual costs 6,300 hours at $10.70 The direct labor time variance is a. $8,330 unfavorable b. $7,490 favorable c. $7,490 unfavorable d. $8,330 favorable
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Using the information provided will this produce a favorable or unfavorable Variable Overhead Efficiency Variance? Percent of capacity Direct labor hours Units of output Variable overhead Fixed overhead Total overhead The standard for hours is 2,000. 100% 2,500 1,000 $7,000 $ 6,000 $13,000