Direct Labor Variances The following data relate to labor cost for production of 6,600 cellular telephones: Actual: 4,450 hrs. at $13.20 Standard: 4,380 hrs. at $13.50 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 Time variance Total direct labor cost variance b. The employees may have been less-experienced or poorly trained, thereby resulting in a efficient performance. Thus, the actual time required was labor rate than planned. The lower level of experience or training may have resulted in than standard.

Direct Labor Variances The following data relate to labor cost for production of 6,600 cellular telephones: Actual: 4,450 hrs. at $13.20 Standard: 4,380 hrs. at $13.50 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 Time variance Total direct labor cost variance b. The employees may have been less-experienced or poorly trained, thereby resulting in a efficient performance. Thus, the actual time required was labor rate than planned. The lower level of experience or training may have resulted in than standard.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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