Data table January February March Units to be produced 570 630 850 Print Done - The Production Department of Connor Manufacturing has prepared the following schedule of units to be produced over the first quarter of the upcoming year: (Click the icon to view the units to be produced.) Each unit requires 3.0hours of direct labor. Direct labor workers are paid an average of $14per hour. How much direct labor will be budgeted in January, February, March, and for the quarter in total? Complete the following direct labor budget to compute the hours and costs for January, February, March, and for the quarter in total. Begin by computing the hours, then compute the cost. Connor Manufacturing Units to be produced Direct Labor Budget For the Months of January through March January February March Quarter

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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.