Homework Help is Here – Start Your Trial Now!
Business
Accounting
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...
See similar textbooks
icon
Related questions
Question

What is the direct labour 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?
Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Recommended textbooks for you
Principles of Accounting Volume 2
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
Managerial Accounting: The Cornerstone of Busines…
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning
Managerial Accounting
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
Financial And Managerial Accounting
Financial And Managerial Accounting
Accounting
ISBN:
9781337902663
Author:
WARREN, Carl S.
Publisher:
Cengage Learning,
Principles of Cost Accounting
Principles of Cost Accounting
Accounting
ISBN:
9781305087408
Author:
Edward J. Vanderbeck, Maria R. Mitchell
Publisher:
Cengage Learning
SEE MORE TEXTBOOKS