CBC Corporation produces clocks. According to company standards, it should take 2 hours of direct labor to produce a clock. The company's standard labor cost is $14 per hour. During June, the company produced 6,200 stopwatches and used 13,100 hours of direct labor at a total cost of $262,000. What is CBC's direct labor rate variance for June? O $78,600 unfavorable O $78,600 favorable O $700 favorable O $700 unfavorable

CBC Corporation produces clocks. According to company standards, it should take 2 hours of direct labor to produce a clock. The company's standard labor cost is $14 per hour. During June, the company produced 6,200 stopwatches and used 13,100 hours of direct labor at a total cost of $262,000. What is CBC's direct labor rate variance for June? O $78,600 unfavorable O $78,600 favorable O $700 favorable O $700 unfavorable

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Description: Please do not give solution in image format thanku CBC Corporation produces clocks. According to company standards, it should take 2 hours of direct labor to produce a clock.The company's standard labor cost is $14 per hour. During June, the company

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter8: Standard Costs And Variances

Section: Chapter Questions

Problem 7PB: Marymount Company makes one product. In the month of April, it made 3,500 units. Workers were paid...

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Concept explainers

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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Please do not give solution in image format thanku

CBC Corporation produces clocks. According to company standards, it should take 2 hours of direct labor to produce a clock.
The company's standard labor cost is $14 per hour. During June, the company produced 6,200 stopwatches and used 13,100
hours of direct labor at a total cost of $262,000. What is CBC's direct labor rate variance for June?
O $78,600 unfavorable
$78,600 favorable
O $700 favorable
O $700 unfavorable

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