The following data relate to labor cost for production of 5,100 cellular telephones:Actual: 3,430 hrs. at $12.70Standard: 3,380 hrs. at $13.00a. 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 signand an unfavorable variance as a positive number.1,266 X910 X-368 XRate varianceFavorableUnfavorable✓Time varianceTotal direct labor cost varianceFavorable •✓b. The employees may have been less-experienced or poorly trained, thereby resulting in a lowermay have resulted in less ✔efficient performance. Thus, the actual time required was more✓✔labor rate than planned. The lower level of experience or training✔than standard.

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Description: The following data relate to labor cost for production of 5,100 cellular telephones:Actual: 3,430 hrs. at $12.70Standard: 3,380 hrs. at $13.00a. Determine the direct labor rate variance, direct labor time variance, and total direct labor cost varian

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he following data relate to labor cost for production of 5,100 cellular telephones: ctual: 3,430 hrs. at $12.70 tandard: 3,380 hrs. at $13.00 Determine the direct labor rate variance, direct labor time variance, and total direct labor cost variance. Enter a favorab nd an unfavorable variance as a positive number. ate variance 1,266 X Favorable

he following data relate to labor cost for production of 5,100 cellular telephones: ctual: 3,430 hrs. at $12.70 tandard: 3,380 hrs. at $13.00 Determine the direct labor rate variance, direct labor time variance, and total direct labor cost variance. Enter a favorab nd an unfavorable variance as a positive number. ate variance 1,266 X Favorable

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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Direct Labor Variances The following data relate to labor cost for production of 6,600 cellulár telephones: Actual: 4,450 hrs. at $13.70 Standard: 4,380 hrs. at $13.90 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 lower training may have resulted in less Feedback Favorable Unfavorable Unfavorable ✓labor rate than planned. The lower level of experience or ✓than standard. ✔efficient performance. Thus, the actual time required was more Check My Wor Unfavorable variances can be thought of as increasing costs (a debit). Favorable variances can be thought of as decreasing costs (a credit) The labor cost variance is the difference between the actual and standard…