Selected costs associated with a product are as follows: Total standard hours for units produced Total actual direct labor cost Actual per hour labor rate 5,000 $ 1,11,625.00 $ 23.50 $ 24.00 Standard per hour labor rate What amount is the total direct labor price variance? a. $2,375 unfavorable. b. $2,375 favorable. c. $2,500 unfavorable. d. $2,500 favorable.
Selected costs associated with a product are as follows: Total standard hours for units produced Total actual direct labor cost Actual per hour labor rate 5,000 $ 1,11,625.00 $ 23.50 $ 24.00 Standard per hour labor rate What amount is the total direct labor price variance? a. $2,375 unfavorable. b. $2,375 favorable. c. $2,500 unfavorable. d. $2,500 favorable.
Chapter8: Standard Costs And Variances
Section: Chapter Questions
Problem 8PA: Breakaway Companys labor information for May is as follows: A. What is the actual direct labor rate...
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Transcribed Image Text:Selected costs associated with a product are as follows:
Total standard hours for units produced
Total actual direct labor cost
Actual per hour labor rate
5,000
$ 1,11,625.00
$ 23.50
$ 24.00
Standard per hour labor rate
What amount is the total direct labor price variance?
a. $2,375 unfavorable.
b. $2,375 favorable.
c. $2,500 unfavorable.
d. $2,500 favorable.
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