The following data relate to direct labour costs for the current period: Standard hours allowed for actual production: 8,200 hours . Actual hours worked: 7,850 hours ⚫ Standard labour rate: $12.50 per hour What is the direct labour time variance? a. $4,375 unfavourable b. $3,500 favourable c. $4,375 favourable d. $3,500 unfavourable

The following data relate to direct labour costs for the current period: Standard hours allowed for actual production: 8,200 hours . Actual hours worked: 7,850 hours ⚫ Standard labour rate: $12.50 per hour What is the direct labour time variance? a. $4,375 unfavourable b. $3,500 favourable c. $4,375 favourable d. $3,500 unfavourable

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter3: Cost Behavior And Cost Forecasting

Section: Chapter Questions

Problem 9DQ: Describe the cost formula for a strictly variable cost such as electrical power cost of 1.15 per...

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