Oceanic Designs has the following direct labor costs for the current period: Standard costs: 40,000 hours at $25.00 Actual costs: 38,500 hours at $26.00 What is the direct labor time variance?
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- Variance?A given work package has a planned value( (PV) of $10,000, an earned value (EV) of $9,000, and an actual cost (AC) of $12,000. Which of the following is not true: O Cost variance is -$3,000 O Schedule variance is -$2,000 Cost performance index is 0.75 Schedule performance index is 0.9The following data relate to direct labor costs for the current period: Standard costs 6,900 hours at $11.20 Actual costs 6,200 hours at $10.40 The direct labor time variance is
- Please need answerWhat is the direct labor rate varianceThe following data relate to direct labor costs for the current period: Standard costs 7,500 hours at $11.20 Actual costs 6,100 hours at $10.00 What is the direct labor rate variance? a. $23,000 unfavorable. b. $7,320 favorable. c. $23,000 favorable. d. $15,680 favorable.