Fletcher Company collected the following data regarding production of one of its products. Compute the direct labor efficiency variance. Direct labor standard (2.50 hrs. @ $19.40/hr.) Actual direct labor hours 48.50 per finished unit 88,000 hrs. $ Actual finished units produced 35,100 units $1,713,350 Actual cost of direct labor

Fletcher Company collected the following data regarding production of one of its products. Compute the direct labor efficiency variance. Direct labor standard (2.50 hrs. @ $19.40/hr.) Actual direct labor hours 48.50 per finished unit 88,000 hrs. $ Actual finished units produced 35,100 units $1,713,350 Actual cost of direct labor

Name: Multiple Choice$4,850 favorable.$11,000 favorable.$6,150 favorable.$4
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Description: Multiple Choice$4,850 favorable.$11,000 favorable.$6,150 favorable.$4,850 unfavorable.$11,000 unfavorable. Fletcher Company collected the following data regarding production of one of its products. Compute the direct labor efficiency variance.Direct

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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A company reports the following information for its direct labor. Actual hours of direct labor used 64,000 Actual rate of direct labor per hour $ 15 Standard rate of direct labor per hour $ 13 Standard hours of direct labor for units produced 65,300 AH = Actual HoursSH = Standard HoursAR = Actual RateSR = Standard Rate Compute the direct labor rate and efficiency variances and identify each as favorable or unfavorable.
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