Account tutor help Sheffield Corp. produces a product requiring 3 direct labor hours at $16.00 per hour. During January, 2800 products are produced using8700 direct labor hours. Sheffield's actual payroll during January was $135720. What is the labor quantity variance?a. $4800 F.b. $1320 U.c. $3480 F.d. $4800 U.

To calculate the Labor Quantity Variance (LQV), we use the following formula: Labor Quantity…

Answered: Sheffield Corp. produces a product…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter8: Standard Costs And Variances

Section: Chapter Questions

Problem 7PB: Marymount Company makes one product. In the month of April, it made 3,500 units. Workers were paid...

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Sheffield Corp. produces a product requiring 3 direct labor hours at $16.00 per hour. During January, 2800 products are produced using 8700 direct labor hours. Sheffield's actual payroll during January was $135720. What is the labor quantity variance? a. $4800 F. b. $1320 U. c. $3480 F. d. $4800 U.
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Sheffield Corp. produces a product requiring 3 direct labor hours at $16.00 per hour. During January, 2800 products are produced using 8700 direct labor hours. Sheffield's actual payroll during January was $135720. What is the labor quantity variance? a. $4800 F. b. $1320 U. c. $3480 F. d. $4800 U.