Answered: The standard wage rate is $18 per…

The standard wage rate is $18 per direct labor hour. During the month, the actual direct labor payroll was $91,200 for 5,000 direct labor hours worked. What is the direct labor rate variance?

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter8: Standard Costs And Variances

Section: Chapter Questions

Problem 7PB: Marymount Company makes one product. In the month of April, it made 3,500 units. Workers were paid...

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Question

Can you solve this general accounting question with accurate accounting calculations?

The standard wage rate is $18 per direct labor
hour. During the month, the actual direct labor
payroll was $91,200 for 5,000 direct labor hours
worked.
What is the direct labor rate variance?

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