The standard direct labor cost for producing one unit of product is 4 direct labor hours at a standard rate of pay of $20. Last month, 15000 units were produced and 58500 direct labor hours were actually worked at a total cost of $1050000. The direct labor quantity variance was O $45000 favorable. O $30000 favorable. O $45000 unfavorable. O$30000 unfavorable.

The standard direct labor cost for producing one unit of product is 4 direct labor hours at a standard rate of pay of $20. Last month, 15000 units were produced and 58500 direct labor hours were actually worked at a total cost of $1050000. The direct labor quantity variance was O $45000 favorable. O $30000 favorable. O $45000 unfavorable. O$30000 unfavorable.

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Description: The standard direct labor cost for producing one unit of product is 4 direct labor hours at a standard rate of pay of $20. Last month,15000 units were produced and 58500 direct labor hours were actually worked at a total cost of $1050000. The direct

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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