Cafferty Corporation has provided the following data concerning its direct labor costs for March Standard wage rate: $12.80 per DLH Standard hours: 1.3 DLHS per unit Actual wage rate: $12.50 per DLH Actual hours: 2,850 DLHs Actual output: 2,000 units The labor rate variance for March would be recorded as a : - Credit of $855 - Credit of $780 - Debit of $780 - Debit of $855

Cafferty Corporation has provided the following data concerning its direct labor costs for March Standard wage rate: $12.80 per DLH Standard hours: 1.3 DLHS per unit Actual wage rate: $12.50 per DLH Actual hours: 2,850 DLHs Actual output: 2,000 units The labor rate variance for March would be recorded as a : - Credit of $855 - Credit of $780 - Debit of $780 - Debit of $855

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter3: Cost Behavior And Cost Forecasting

Section: Chapter Questions

Problem 19BEA: Using High-Low to Calculate Predicted Total Variable Cost and Total Cost for a Time Period That...

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