gue Corporation uses a standard cost system. The following information was provided for the period that just ended: Actual price per kilogram $3.00 Actual kilograms of material used 31,000 Actual hourly labor rate $18.20 Actual hours of production 4,900 labor hours Standard price per kilogram $2.80 Standard kilograms per completed unit 6 kilograms Standard hourly labor rate $18.00 Standard time per completed unit 1 hr. Actual total factory overhead $34,900 Actual fixed factory overhead $18,000 Standard fixed factory overhead rate $1.20 per labor hour Standard variable factory overhead rate $3.80 per labor hour Maximum plant capacity 15,000 hours Units completed during the period 5,000 The direct labor cost variance is _____.
gue Corporation uses a standard cost system. The following information was provided for the period that just ended: Actual price per kilogram $3.00 Actual kilograms of material used 31,000 Actual hourly labor rate $18.20 Actual hours of production 4,900 labor hours Standard price per kilogram $2.80 Standard kilograms per completed unit 6 kilograms Standard hourly labor rate $18.00 Standard time per completed unit 1 hr. Actual total factory overhead $34,900 Actual fixed factory overhead $18,000 Standard fixed factory overhead rate $1.20 per labor hour Standard variable factory overhead rate $3.80 per labor hour Maximum plant capacity 15,000 hours Units completed during the period 5,000 The direct labor cost variance is _____.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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gue Corporation uses a
| Actual price per kilogram | $3.00 |
| Actual kilograms of material used | 31,000 |
| Actual hourly labor rate | $18.20 |
| Actual hours of production | 4,900 labor hours |
| Standard price per kilogram | $2.80 |
| Standard kilograms per completed unit | 6 kilograms |
| Standard hourly labor rate | $18.00 |
| Standard time per completed unit | 1 hr. |
| Actual total factory |
$34,900 |
| Actual fixed factory overhead | $18,000 |
| Standard fixed factory overhead rate | $1.20 per labor hour |
| Standard variable factory overhead rate | $3.80 per labor hour |
| Maximum plant capacity | 15,000 hours |
| Units completed during the period | 5,000 |
The direct labor cost variance is _____.
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