The following data relate to labor cost for production of 3,300 cellular telephones: Actual: 2,210 hrs. at $14.20Standard: 2,180 hrs. at $14.40 a. Determine the direct labor rate variance, direct labor time variance, and total direct labor cost variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Line Item Description Amount Variance Rate variance $fill in the blank 1 Time variance $fill in the blank 3 Total direct labor cost variance $fill in the blank 5
The following data relate to labor cost for production of 3,300 cellular telephones: Actual: 2,210 hrs. at $14.20Standard: 2,180 hrs. at $14.40 a. Determine the direct labor rate variance, direct labor time variance, and total direct labor cost variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Line Item Description Amount Variance Rate variance $fill in the blank 1 Time variance $fill in the blank 3 Total direct labor cost variance $fill in the blank 5
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
The following data relate to labor cost for production of 3,300 cellular telephones:
Actual: 2,210 hrs. at $14.20
Standard: 2,180 hrs. at $14.40
a. Determine the direct labor rate variance, direct labor time variance, and total direct labor cost variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.
| Line Item Description | Amount | Variance |
|---|---|---|
| Rate variance | $fill in the blank 1 |
|
| Time variance | $fill in the blank 3 |
|
| Total direct labor cost variance | $fill in the blank 5 |
|
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