the DL Time Variance, given the following info: Actual Costs = 6,000 hours at $12.00 Standard Costs = 7,500 hours at $11.60 Group of answer choices $2,400.00 favorable $3,000.00 favorable $15,000.00 unfavorable $17,400.00 favorable

the DL Time Variance, given the following info: Actual Costs = 6,000 hours at $12.00 Standard Costs = 7,500 hours at $11.60 Group of answer choices $2,400.00 favorable $3,000.00 favorable $15,000.00 unfavorable $17,400.00 favorable

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter14: Capital Structure Management In Practice

Section14.A: Breakeven Analysis

Problem 7P

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Question

What is the DL Time Variance, given the following info:

Actual Costs = 6,000 hours at $12.00

Standard Costs = 7,500 hours at $11.60

Group of answer choices

$2,400.00 favorable

$3,000.00 favorable

$15,000.00 unfavorable

$17,400.00 favorable

Definition Definition System of assigning an estimated cost to the product (instead of the actual cost) so that the product cost can be determined well in advance and the pricing of the product can be done on time. Since the actual cost cannot be predicted at the initial stage of the production process, the estimated cost is recorded in the books. Any deviation of the estimated cost of the actual cost is adjusted in the books at the end of the period.

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