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In producing product ZZ 14,800 direct labor hours were used at a rate of $8.20 per hour. The standard was 15,000 hours at $ 8.00 per hour. Based on these data the direct labor is a) Total variance is $1,380 unfavorable b) Efficiency variance is $3,000 favorable c) Total variance is $2,960 unfavorable d) Rate variance is $1,600 favorable

In producing product ZZ 14,800 direct labor hours were used at a rate of $8.20 per hour. The standard was 15,000 hours at $ 8.00 per hour. Based on these data the direct labor is a) Total variance is $1,380 unfavorable b) Efficiency variance is $3,000 favorable c) Total variance is $2,960 unfavorable d) Rate variance is $1,600 favorable

FINANCIAL ACCOUNTING
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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14) In producing product ZZ 14,800 direct labor hours were used at a rate of $8.20 per hour. The standard was 15,000 hours at $ 8.00 per hour. Based on these data the direct labor is a) Total variance is $1,380 unfavorable b) Efficiency variance is $3,000 favorable c) Total variance is $2,960 unfavorable d) Rate variance is $1,600 favorable
Transcribed Image Text:14) In producing product ZZ 14,800 direct labor hours were used at a rate of $8.20 per hour. The standard was 15,000 hours at $ 8.00 per hour. Based on these data the direct labor is a) Total variance is $1,380 unfavorable b) Efficiency variance is $3,000 favorable c) Total variance is $2,960 unfavorable d) Rate variance is $1,600 favorable
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