The following information describes a company's usage of direct labor in a recent period: Actual direct labor hours used: 48,500 • Actual rate per hour: $22 Standard rate per hour: $19 • Standard hours for units produced: 45,000 How much is the direct labor price variance?

The following information describes a company's usage of direct labor in a recent period: Actual direct labor hours used: 48,500 • Actual rate per hour: $22 Standard rate per hour: $19 • Standard hours for units produced: 45,000 How much is the direct labor price variance?

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter7: The Master Budget And Flexible Budgeting

Section: Chapter Questions

Problem 23Q: If a factory operates at 100% of capacity one month, 90% of capacity the next month, and 105% of...

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Question

Provide direct labor price variance?

The following information describes a company's usage of direct labor in a recent
period:
Actual direct labor hours used: 48,500
•
Actual rate per hour: $22
Standard rate per hour: $19
• Standard hours for units produced: 45,000
How much is the direct labor price variance?

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Information on Orman Company's direct labor costs is as follows:Standard direct labor rate $3.75, Actual direct labor rate $3.50, Standard direct labor hours 10,000, Direct labor usage (efficiency) variance—unfavorable P4,200. What were the actual hours worked, rounded to the nearest hour? 10,714 11,120 11,200 11,914