What is the direct labor rate variance? The following data relate to direct labor costs for thecurrent period:Standard costs 7,500 hours at $11.20Actual costs6,100 hours at $10.00What is the direct labor rate variance?a. $23,000 unfavorableb. $7,320 favorablec. $23,000 favorabled. $15,680 favorable

Step 1: Definition of Direct Labor Rate VarianceDirect Labor Rate Variance measures the difference…

Answered: The following data relate to direct…

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: Standard costs 7,300 hours at $11.80 Actual costs 6,400 hours at $10.00 The direct labor time variance is Oa. $10,620 unfavorable Ob. $9,000 favorable C. $9,000 unfavorable Od. $10,620 favorable
The following data relate to direct labor costs for the current period: 7,200 hours at $11.20 6,300 hours at $10.50 Standard costs Actual costs The direct labor time variance is Oa. $10,080 unfavorable b. $9,450 favorable Oc. $9,450 unfavorable Od. $10,080 favorable
The following data relate to direct labor costs for the current period: Standard costs 7,300 hours at $11.80 Actual costs 6,400 hours at $10.00 The direct labor time variance is a. $10,620 unfavorable b. $9,000 favorable c. $9,000 unfavorable d. $10,620 favorable
The following data relate to direct labor costs for the current period: Standard 7,400 hours at $11.40 costs Actual costs 6,100 hours at $10.80 The direct labor rate variance is a. $18,480 unfavorable b. $3,660 favorable c. $18,480 favorable X d. $14,820 favorable
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The following data relate to direct labor costs for the current period: 7,100 hours at $11.80 6,200 hours at $10.80 Standard costs Actual costs The direct labor time variance is a. $10,620 unfavorable b. $9,720 favorable Oc. $9,720 unfavorable d. $10,620 favorable
The following data relate to direct labor costs for the current period: 7,200 hours at $11.00 6,400 hours at $10.80 Standard costs Actual costs The direct labor time variance is O a. $8,800 unfavorable O b. $8,640 favorable O c. $8,640 unfavorable O d. $8,800 favorable
The following data relate to direct labor costs for the current period: Line Item Description Value Standard costs 7,000 hours at $11.90 Actual costs 6,300 hours at $10.70 The direct labor time variance is a. $8,330 unfavorable b. $7,490 favorable c. $7,490 unfavorable d. $8,330 favorable

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The following data relate to direct labor costs for the current period: Standard costs 7,500 hours at $11.20 Actual costs 6,100 hours at $10.00 What is the direct labor rate variance? a. $23,000 unfavorable b. $7,320 favorable c. $23,000 favorable d. $15,680 favorable