Hemlock, Inc. uses standard costing and has set the following production standards for direct labor (DL). Standard direct labor hours (DLHs) per unit Standard wage rate Budgeted Units to be produced For the most recent month of operation, Hemlock recorded the following. 16 What were the actual DLHs for the month? 10,200 DLHs 10,100 DLHs 10,240 DLHs 10,000 DLHs A. B. C. BUDE Actual Units Produced Direct labor rate variance Actual cost of direct labor D. E. None of the above 2 DLHs $18.00 per DLH 5,000 units 5,100 units $120.Unfavorable $ 184,440

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Variance Analysis

In layman's terms, variance analysis is an analysis of a difference between planned and actual behavior. Variance analysis is mainly used by the companies to maintain a control over a business. After analyzing differences, companies find the reasons for the variance so that the necessary steps should be taken to correct that variance. 

Standard Costing

The standard cost system is the expected cost per unit product manufactured and it helps in estimating the deviations and controlling them as well as fixing the selling price of the product. For example, it helps to plan the cost for the coming year on the various expenses.