The Flapjack Corporation had 8,350 actual direct labor hours at an actual rate of $14.50 per hour. Original production had been budgeted for 1,300 units, but only 1,200 units were actually produced. Labor standards were 8.3 hours per completed unit at a standard rate of $16.00 per hour. Compute the direct labor cost variance.
The Flapjack Corporation had 8,350 actual direct labor hours at an actual rate of $14.50 per hour. Original production had been budgeted for 1,300 units, but only 1,200 units were actually produced. Labor standards were 8.3 hours per completed unit at a standard rate of $16.00 per hour. Compute the direct labor cost variance.
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter10: Standard Costing And Variance Analysis
Section: Chapter Questions
Problem 58E: At the beginning of the year, Lopez Company had the following standard cost sheet for one of its...
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The Flapjack Corporation had 8,350 actual direct labor hours at an actual rate of $14.50 per hour. Original production had been budgeted for 1,300 units, but only 1,200 units were actually produced. Labor standards were 8.3 hours per completed unit at a standard rate of $16.00 per hour. Compute the direct labor cost variance.
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