ExpertNet Systems is a start-up company that makes connectors for high-speed Internet connections. ExpertNet Systems has budgeted three hours of direct labor per connector, at a standard cost of $16 per hour. During August, technicians actually worked 195 hours completing 71 connectors. All 71 connectors actually produced were sold. ExpertNet paid the technicians $16.80 per hour. What is Expert Net's direct labor cost variance for August?

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter8: Standard Costs And Variances
Section: Chapter Questions
Problem 7PB: Marymount Company makes one product. In the month of April, it made 3,500 units. Workers were paid...
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Provide Net's direct labor cost variance

ExpertNet Systems is a start-up company that makes
connectors for high-speed Internet connections. ExpertNet
Systems has budgeted three hours of direct labor per
connector, at a standard cost of $16 per hour. During August,
technicians actually worked 195 hours completing 71
connectors. All 71 connectors actually produced were sold.
ExpertNet paid the technicians $16.80 per hour.
What is Expert Net's direct labor cost variance for August?
Transcribed Image Text:ExpertNet Systems is a start-up company that makes connectors for high-speed Internet connections. ExpertNet Systems has budgeted three hours of direct labor per connector, at a standard cost of $16 per hour. During August, technicians actually worked 195 hours completing 71 connectors. All 71 connectors actually produced were sold. ExpertNet paid the technicians $16.80 per hour. What is Expert Net's direct labor cost variance for August?
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