Board Company's direct labor information for February is as follows: Direct labor hours worked (AQ) Standard direct labor hours for units manufactured (SQ) Unfavorable direct labor rate variance Total payroll for direct labor The total direct labor flexible-budget variance in February was: Multiple Choice $7,600 favorable. $16,198 favorable. $43,000 favorable. $43,000 unfavorable. 35,400 37,700 $ 17,700 $ 407,100
Board Company's direct labor information for February is as follows: Direct labor hours worked (AQ) Standard direct labor hours for units manufactured (SQ) Unfavorable direct labor rate variance Total payroll for direct labor The total direct labor flexible-budget variance in February was: Multiple Choice $7,600 favorable. $16,198 favorable. $43,000 favorable. $43,000 unfavorable. 35,400 37,700 $ 17,700 $ 407,100
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Variance Analysis
In layman's terms, variance analysis is an analysis of a difference between planned and actual behavior. Variance analysis is mainly used by the companies to maintain a control over a business. After analyzing differences, companies find the reasons for the variance so that the necessary steps should be taken to correct that variance.
Standard Costing
The standard cost system is the expected cost per unit product manufactured and it helps in estimating the deviations and controlling them as well as fixing the selling price of the product. For example, it helps to plan the cost for the coming year on the various expenses.
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Transcribed Image Text:Board Company's direct labor information for February is as follows:
Direct labor hours worked (AQ)
Standard direct labor hours for units manufactured (SQ)
Unfavorable direct labor rate variance
Total payroll for direct labor
The total direct labor flexible-budget variance in February was:
Multiple Choice
O
O
O
$7,600 favorable.
$16,198 favorable.
$43,000 favorable.
O $43,000 unfavorable.
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37,700
$ 17,700
$ 407,100
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