Use the following data to find the total direct labor cost variance if the company produced 4,000 units during the period. Cost Component Values Direct labor standard (3.5 hrs. @ $7 per hr.) $24.50 per unit Actual hours worked Actual rate per hour Find the total direct labor cost variance. 13,800 hours $7.50

Use the following data to find the total direct labor cost variance if the company produced 4,000 units during the period. Cost Component Values Direct labor standard (3.5 hrs. @ $7 per hr.) $24.50 per unit Actual hours worked Actual rate per hour Find the total direct labor cost variance. 13,800 hours $7.50

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter8: Standard Costs And Variances

Section: Chapter Questions

Problem 7PA: Ellis Companys labor information for September is as follows: A. Compute the standard direct labor...

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Marymount Company makes one product. In the month of April, it made 3,500 units. Workers were paid $32 per hour for labor, for a total of $718,848. The standard hours per unit are 6.4, and the standard labor wage rate is $38.40 per hour. A. What are the actual hours worked? B. What are the standard hours for the units made? C. What is the direct labor rate variance for April? D. What Is the direct labor time variance for April? E. What is the total direct labor variance for April?
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