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The following data relate to direct labor costs for the current period: Standard costs 47,000 hours at $11.00 Actual costs 45,000 hours at $12.00 What is the direct labor time variance?

The following data relate to direct labor costs for the current period: Standard costs 47,000 hours at $11.00 Actual costs 45,000 hours at $12.00 What is the direct labor time variance?

Principles of Accounting Volume 2
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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What is the direct labor time variance

The following data relate to direct labor costs for the current period: Standard costs 47,000 hours at $11.00 Actual costs 45,000 hours at $12.00 What is the direct labor time variance?
Transcribed Image Text:The following data relate to direct labor costs for the current period: Standard costs 47,000 hours at $11.00 Actual costs 45,000 hours at $12.00 What is the direct labor time variance?
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