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Information for Garner Company's direct labor costs for the month of September 2005 was as follows: Actual direct labor hours Standard direct labor hours Total direct labor payroll 34,500 hours 35,000 hours $241,500 Direct labor efficiency variance favorable $3,200 What is Garner's direct labor price (or rate) variance? a. $21,000 favorable b. $21,000 unfavorable c. $17,250 unfavorable d. $20,700 unfavorable

Information for Garner Company's direct labor costs for the month of September 2005 was as follows: Actual direct labor hours Standard direct labor hours Total direct labor payroll 34,500 hours 35,000 hours $241,500 Direct labor efficiency variance favorable $3,200 What is Garner's direct labor price (or rate) variance? a. $21,000 favorable b. $21,000 unfavorable c. $17,250 unfavorable d. $20,700 unfavorable

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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Information for Garner Company's direct labor costs for the month of September 2005 was as follows: Actual direct labor hours Standard direct labor hours Total direct labor payroll 34,500 hours 35,000 hours $241,500 Direct labor efficiency variance favorable $3,200 What is Garner's direct labor price (or rate) variance? a. $21,000 favorable b. $21,000 unfavorable c. $17,250 unfavorable d. $20,700 unfavorable
Transcribed Image Text:Information for Garner Company's direct labor costs for the month of September 2005 was as follows: Actual direct labor hours Standard direct labor hours Total direct labor payroll 34,500 hours 35,000 hours $241,500 Direct labor efficiency variance favorable $3,200 What is Garner's direct labor price (or rate) variance? a. $21,000 favorable b. $21,000 unfavorable c. $17,250 unfavorable d. $20,700 unfavorable
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