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The standard rate of pay is $22 per direct labor hour. If the actual direct labor payroll was $92,400 for 4,200 direct labor hours worked, what is the direct labor price (rate) variance?

The standard rate of pay is $22 per direct labor hour. If the actual direct labor payroll was $92,400 for 4,200 direct labor hours worked, what is the direct labor price (rate) variance?

Principles of Accounting Volume 2
Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter8: Standard Costs And Variances
Section: Chapter Questions
Problem 8PA: Breakaway Companys labor information for May is as follows: A. What is the actual direct labor rate...
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The standard rate of pay is $22 per direct labor hour. If the actual direct labor payroll was $92,400 for 4,200 direct labor hours worked, what is the direct labor price (rate) variance?
Transcribed Image Text:The standard rate of pay is $22 per direct labor hour. If the actual direct labor payroll was $92,400 for 4,200 direct labor hours worked, what is the direct labor price (rate) variance?
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