ASAP Orange Company produces computer tables. During the year, 250,000computer tables were produced. Material and labour standards for producingcomputer table are as follows:Direct materials (6 pieces plywood @$8) $48Direct labour (2 hours @ $14.50)$29.00Orange Company actual labour hours were 400,000 hours at a wage rate of $15.00per hour.What is Orange Company's total labour variance?1) $1,250,000F2) $2,300,000 U3) $1,430,500F4) $1,500,000U

Total labour cost variance means difference in standard cost of labour and actual cost of labour.

Orange Company produces computer tables. During the year, 250,000 computer tables were produced. Material and labour standards for producing computer table are as follows: Direct materials (6 pieces plywood @$8) Direct labour (2 hours @ $14.50) $29.00 Orange Company actual labour hours were 400,000 hours at a wage rate of $15.00 per hour. What is Orange Company's total labour variance? 1) $1,250,000F 2) $2,300,000 U 3) $1,430,500F 4) $1,500,000U

Orange Company produces computer tables. During the year, 250,000 computer tables were produced. Material and labour standards for producing computer table are as follows: Direct materials (6 pieces plywood @$8) Direct labour (2 hours @ $14.50) $29.00 Orange Company actual labour hours were 400,000 hours at a wage rate of $15.00 per hour. What is Orange Company's total labour variance? 1) $1,250,000F 2) $2,300,000 U 3) $1,430,500F 4) $1,500,000U

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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