The following data relate to direct labor costs for the current period at Tanner Manufacturing: Hours Rate Standard costs 52,000 hours $13.00 Actual costs 50,000 hours $14.00 What is the direct labor time variance?

The following data relate to direct labor costs for the current period at Tanner Manufacturing: Hours Rate Standard costs 52,000 hours $13.00 Actual costs 50,000 hours $14.00 What is the direct labor time variance?

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

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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The following data relate to direct labor costs
for the current period at Tanner Manufacturing:
Hours
Rate
Standard costs 52,000 hours $13.00
Actual costs
50,000 hours $14.00
What is the direct labor time variance?

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What is the direct labour time variance ?
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What is the direct labor time variance?