The following information describes Pinnacle Industries' usage of direct labor in the most recent quarter: Category Amount Actual hours used 75,000 Actual rate per hour $18.50 Standard rate per hour $19.25 Standard hours for units produced 78,000 The direct labor rate variance is: a) $56,250 Favorable b) $56,250 Unfavorable c) $58,500 Favorable d) $58,500 Unfavorable

The following information describes Pinnacle Industries' usage of direct labor in the most recent quarter: Category Amount Actual hours used 75,000 Actual rate per hour $18.50 Standard rate per hour $19.25 Standard hours for units produced 78,000 The direct labor rate variance is: a) $56,250 Favorable b) $56,250 Unfavorable c) $58,500 Favorable d) $58,500 Unfavorable

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter8: Standard Costs And Variances

Section: Chapter Questions

Problem 9EB: Eagle Inc. uses a standard cost system. During the most recent period, the company manufactured...

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