Banner Innovations is a start-up company that manufactures precision parts for aerospace technology. Falcon has budgeted four hours of direct labor per part at a standard cost of $18 per hour. During October, technicians actually worked 220 hours, completing parts. All 90 parts produced were sold. Banner paid the technicians $18.50 per hour. 90 What is Banner's direct labor efficiency variance for October?

Banner Innovations is a start-up company that manufactures precision parts for aerospace technology. Falcon has budgeted four hours of direct labor per part at a standard cost of $18 per hour. During October, technicians actually worked 220 hours, completing parts. All 90 parts produced were sold. Banner paid the technicians $18.50 per hour. 90 What is Banner's direct labor efficiency variance for October?

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter8: Standard Costs And Variances

Section: Chapter Questions

Problem 8EB: Case made 24,500 units during June, using 32,000 direct labor hours. They expected to use 31,450...

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Viippro Systems is a start-up company that makes connectors for high-speed Internet connections. Viippro Systems has budgeted three hours of direct labor per connector, at a standard cost of $16 per hour. During August, technicians actually worked 195 hours completing 71 connectors. All 71 connectors actually produced were sold. Viippro paid the technicians $16.80 per hour. What is Viippro's direct labor cost variance for August?
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