The following data relate to direct labor costs for the current period: Standard costs 8,500 hours at $12.50 Actual costs 7,200 hours at $11.75 What is the direct labor time variance? a. $16,250 unfavorable b. $16,250 favorable c. $12,375 favorable d. $12,375 unfavorable
The following data relate to direct labor costs for the current period: Standard costs 8,500 hours at $12.50 Actual costs 7,200 hours at $11.75 What is the direct labor time variance? a. $16,250 unfavorable b. $16,250 favorable c. $12,375 favorable d. $12,375 unfavorable
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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Transcribed Image Text:The following data relate to direct labor costs for the current period:
Standard costs 8,500 hours at $12.50 Actual costs 7,200 hours at $11.75 What
is the direct labor time variance?
a. $16,250 unfavorable
b. $16,250 favorable
c. $12,375 favorable
d. $12,375 unfavorable
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