Consider the flexible budget information relating to direct labor costs for Logan Ltd.: 48,000 units 50,000 units 52,000 units Machining Finishing $2.50 per unit $1.50 per unit $120,000 $125,000 $130,000 72,000 75,000 78,000 $192,000 $200,000 $208,000 Logan's actual production was 51,000 units and the related cost was $205,500. What is the direct labor variance?
Consider the flexible budget information relating to direct labor costs for Logan Ltd.: 48,000 units 50,000 units 52,000 units Machining Finishing $2.50 per unit $1.50 per unit $120,000 $125,000 $130,000 72,000 75,000 78,000 $192,000 $200,000 $208,000 Logan's actual production was 51,000 units and the related cost was $205,500. What is the direct labor variance?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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
Transcribed Image Text:Consider the flexible budget information relating to direct labor costs for Logan Ltd.:
48,000 units 50,000 units 52,000 units
Machining
Finishing
$2.50 per unit
$1.50 per unit
$120,000
$125,000
$130,000
72,000
75,000
78,000
$192,000
$200,000
$208,000
Logan's actual production was 51,000 units and the related cost was $205,500. What is the direct labor variance?
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