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Tremont Manufacturing produced 3,500 units of finished goods requiring 15,400 actual hours at $18.75 per hour. The standard is 4.2 hours per unit of finished goods, at a standard rate of $19.00 per hour. Which of the following statements is true? a. The labor efficiency variance is $2,470 unfavorable. b. The total labor variance is $4,850 favorable. c. The labor rate variance is $3,850 favorable. d. The labor rate variance is $2,310 unfavorable. e. The labor efficiency variance is $4,940 favorable.

Tremont Manufacturing produced 3,500 units of finished goods requiring 15,400 actual hours at $18.75 per hour. The standard is 4.2 hours per unit of finished goods, at a standard rate of $19.00 per hour. Which of the following statements is true? a. The labor efficiency variance is $2,470 unfavorable. b. The total labor variance is $4,850 favorable. c. The labor rate variance is $3,850 favorable. d. The labor rate variance is $2,310 unfavorable. e. The labor efficiency variance is $4,940 favorable.

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 8EB: Case made 24,500 units during June, using 32,000 direct labor hours. They expected to use 31,450...
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Tremont Manufacturing produced 3,500 units of finished goods requiring 15,400 actual hours at $18.75 per hour. The standard is 4.2 hours per unit of finished goods, at a standard rate of $19.00 per hour. Which of the following statements is true? a. The labor efficiency variance is $2,470 unfavorable. b. The total labor variance is $4,850 favorable. c. The labor rate variance is $3,850 favorable. d. The labor rate variance is $2,310 unfavorable. e. The labor efficiency variance is $4,940 favorable.

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