The following data relate to direct labor costs for the current period: Standard costs 6,903 hours at $11.60 Actual costs 6,394 hours at $10.40 What is the direct labor rate variance? a) $13,577 unfavorable b) 413,577 favorable c) $7,673 favorable d) $5,904 favorable

The following data relate to direct labor costs for the current period: Standard costs 6,903 hours at $11.60 Actual costs 6,394 hours at $10.40 What is the direct labor rate variance? a) $13,577 unfavorable b) 413,577 favorable c) $7,673 favorable d) $5,904 favorable

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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Give Solution to this

The following data relate to direct labor costs for the current
period:
Standard costs 6,903 hours at $11.60
Actual costs
6,394 hours at $10.40
What is the direct labor rate variance?
a) $13,577 unfavorable
b) 413,577 favorable
c) $7,673 favorable
d) $5,904 favorable

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