Direct labor variancesYealink Company produces a product that requires 2 standard direct labor hours per unit at a standard hourly rate of $10 per hour. If 7,500 units used 30,900 hours at an hourly rate of $9.90 per hour, what is the direct labor (A) rate variance, (B) time variance, and (C) cost variance?Factory overhead controllable varianceYealink Company produced 7,500 units of product that required 2 standard direct labor hours per unit. The standard variable overhead cost per unit is $0.45 per direct labor hour. The actual variable factory overhead was $26,385. Determine the variable factory overhead controllable variance.Factory overhead volume varianceYealink Company produced 7,500 units of product that required 2 standard direct labor hours per unit.The standard fixed overhead cost per unit is $0.575 per direct labor hour at 29,000 hours, which is 100% of normal capacity. Determine the fixed factory overhead volume variance.

Name: Direct labor variancesYealink Company produces a product that requires
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Description: Direct labor variancesYealink Company produces a product that requires 2 standard direct labor hours per unit at a standard hourly rate of $10 per hour. If 7,500 units used 30,900 hours at an hourly rate of $9.90 per hour, what is the direct labor (A

Direct Labour Cost Variance :— It is the variance between actual cost and standard cost for actual…

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FINANCIAL ACCOUNTING

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ISBN:9781259964947

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Chapter1: Financial Statements And Business Decisions

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Direct labor variances

- Yealink Company produces a product that requires 2 standard direct labor hours per unit at a standard hourly rate of $10 per hour. If 7,500 units used 30,900 hours at an hourly rate of $9.90 per hour, what is the direct labor (A) rate variance, (B) time variance, and (C) cost variance?

Factory overhead controllable variance

- Yealink Company produced 7,500 units of product that required 2 standard direct labor hours per unit. The standard variable overhead cost per unit is $0.45 per direct labor hour. The actual variable factory overhead was $26,385. Determine the variable factory overhead controllable variance.

Factory overhead volume variance

- Yealink Company produced 7,500 units of product that required 2 standard direct labor hours per unit.
- The standard fixed overhead cost per unit is $0.575 per direct labor hour at 29,000 hours, which is 100% of normal capacity. Determine the fixed factory overhead volume variance.

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