Case made 24,500 units during June, using 32,000 direct labor hours. They expected to use 31,450 hours per the standard cost card Their employees were paid $15.75 per hour for the month of June. The standard cost card uses $15.50 as the standard hourly rate. NOTE: All dollar amounts are rounded to whole dollars and shown with "$" and commas as needed (i.e. $12,345). For the variance conditions, your answer is either "F" (for Favorable) or "U" (for Unfavorable) - capital letter and no quotes. • Complete the following table of variances and their conditions: Variance Labor Rate Labor Time Total DL Cost Variance Variance Amount Favorable (F) or Unfavorable (U)

Case made 24,500 units during June, using 32,000 direct labor hours. They expected to use 31,450 hours per the standard cost card Their employees were paid $15.75 per hour for the month of June. The standard cost card uses $15.50 as the standard hourly rate. NOTE: All dollar amounts are rounded to whole dollars and shown with "$" and commas as needed (i.e. $12,345). For the variance conditions, your answer is either "F" (for Favorable) or "U" (for Unfavorable) - capital letter and no quotes. • Complete the following table of variances and their conditions: Variance Labor Rate Labor Time Total DL Cost Variance Variance Amount Favorable (F) or Unfavorable (U)

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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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