Unique Inc. produces brakes for the Jeep Car Company. At the beginning of the year, they had the following standard costs for one batch of brakes: Direct labour (1 hours @ $15.00 per hour) The actual results for the year are: Batches produced $ 15.00 300,000 Direct labour hours Direct labour cost per hour Required: 295,000 $ 15.25 Calculate the labour variances and use your solution to answer the following questions. NOTE: Please enter all variances as positive numbers. The amount of the direct labour rate variance, also called the direct labour price variance, is $ A/ Indicate if the direct labour rate variance is favourable (enter the letter F) or unfavourable (enter the letters UF). UF 신 A/
Unique Inc. produces brakes for the Jeep Car Company. At the beginning of the year, they had the following standard costs for one batch of brakes: Direct labour (1 hours @ $15.00 per hour) The actual results for the year are: Batches produced $ 15.00 300,000 Direct labour hours Direct labour cost per hour Required: 295,000 $ 15.25 Calculate the labour variances and use your solution to answer the following questions. NOTE: Please enter all variances as positive numbers. The amount of the direct labour rate variance, also called the direct labour price variance, is $ A/ Indicate if the direct labour rate variance is favourable (enter the letter F) or unfavourable (enter the letters UF). UF 신 A/
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Unique Inc. produces brakes for the Jeep Car Company.
At the beginning of the year, they had the following standard costs for one batch of
brakes:
Direct labour (1 hours @ $15.00 per hour)
The actual results for the year are:
Batches produced
$
15.00
300,000
Direct labour hours
Direct labour cost per hour
Required:
295,000
$
15.25
Calculate the labour variances and use your solution to answer the following
questions.
NOTE: Please enter all variances as positive numbers.
The amount of the direct labour rate variance, also called the direct labour price
variance, is $
A/
Indicate if the direct labour rate variance is favourable (enter the letter F) or
unfavourable (enter the letters UF).
UF
신
A/
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