direct labor rate variance
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question 4.
![Total Stand Cost for I pair of shoes=%$4211.22
4. The following data relate to direct labor costs for the current period:
Standard costs
4,000 hours at $8.50
5,500 hours at $9.75
Actual costs
What is the direct labor rate variance?
DL Rate Variance (Actual Rate- Stand Rate) x Actual Time
a
WS](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F39814d7f-3974-4500-9a92-c61e9ea9b445%2Fea1c17d6-1e1d-4f89-8060-c16f6322fae2%2F56e380r_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Total Stand Cost for I pair of shoes=%$4211.22
4. The following data relate to direct labor costs for the current period:
Standard costs
4,000 hours at $8.50
5,500 hours at $9.75
Actual costs
What is the direct labor rate variance?
DL Rate Variance (Actual Rate- Stand Rate) x Actual Time
a
WS
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