The following data relate to direct labor costs for the current period: Standard costs 7,100 hours at $11.10 Actual costs 6,300 hours at $10.50 What is the direct labor time variance? Oa. $8.880 unfavorable Ob. $8.400 favorable Oc. $8.400 unfavorable Od. 8.880 favorable

The following data relate to direct labor costs for the current period: Standard costs 7,100 hours at $11.10 Actual costs 6,300 hours at $10.50 What is the direct labor time variance? Oa. $8.880 unfavorable Ob. $8.400 favorable Oc. $8.400 unfavorable Od. 8.880 favorable

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

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Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

The following data relate to direct labor costs for the current period:
Standard costs
7,100 hours at $11.10
Actual costs
6,300 hours at $10.50
What is the direct labor time variance?
Oa. $8.880 unfavorable
Ob. $8,400 favorable
Oc. $8,400 unfavorable
Od. $8,880 favorable

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