Direct Labor Variances The following data relate to labor cost for production of 4,700 cellular telephones: Actual: 3,170 hrs. at $15.30 Standard: 3, 120 hrs. at $15.60 a. Determine the direct labor rate variance, direct labor time variance, and total direct labor cost variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Rate variance $fill in the blank 1 Time variance $fill in the blank 3 Total direct labor cost variance $fill in the blank 5 b. The employees may have been less - experienced workers who were paid less than more - experienced workers or poorly trained, thereby resulting in a labor rate than planned. The lower level of experience or training may have resulted in efficient performance. Thus, the actual time required was than standard
Direct Labor Variances The following data relate to labor cost for production of 4,700 cellular telephones: Actual: 3,170 hrs. at $15.30 Standard: 3, 120 hrs. at $15.60 a. Determine the direct labor rate variance, direct labor time variance, and total direct labor cost variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Rate variance $fill in the blank 1 Time variance $fill in the blank 3 Total direct labor cost variance $fill in the blank 5 b. The employees may have been less - experienced workers who were paid less than more - experienced workers or poorly trained, thereby resulting in a labor rate than planned. The lower level of experience or training may have resulted in efficient performance. Thus, the actual time required was than standard
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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vnt.390
Transcribed Image Text:Direct Labor Variances The following data relate to labor cost for production of 4,700 cellular telephones: Actual: 3,170 hrs. at $15.30 Standard: 3, 120 hrs. at $15.60 a.
Determine the direct labor rate variance, direct labor time variance, and total direct labor cost variance. Enter a favorable variance as a negative number using a minus sign
and an unfavorable variance as a positive number. Rate variance $fill in the blank 1 Time variance $fill in the blank 3 Total direct labor cost variance $fill in the blank 5 b.
The employees may have been less - experienced workers who were paid less than more - experienced workers or poorly trained, thereby resulting in a labor rate than
planned. The lower level of experience or training may have resulted in efficient performance. Thus, the actual time required was than standard
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