Vermont Electronics provided the following data related to direct labor costs for the current period: Standard Costs Actual Costs 8,000 hours at $12.50 per hour 7,400 hours at $11.00 per hour What is the direct labor rate variance? a) $11,100 favourable b) $12,000 unfavourable c) $9,900 favourable d) $10,500 favourable

Vermont Electronics provided the following data related to direct labor costs for the current period: Standard Costs Actual Costs 8,000 hours at $12.50 per hour 7,400 hours at $11.00 per hour What is the direct labor rate variance? a) $11,100 favourable b) $12,000 unfavourable c) $9,900 favourable d) $10,500 favourable

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter3: Cost Behavior And Cost Forecasting

Section: Chapter Questions

Problem 19BEA: Using High-Low to Calculate Predicted Total Variable Cost and Total Cost for a Time Period That...

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The following data relate to direct labor costs for the current period: Standard costs 7,300 hours at $11.30 Actual costs 6,200 hours at $10.40 What is the direct labor rate variance? a.$18,010 unfavorable b.$5,580 favorable c.$18,010 favorable d.$12,430 favorable The Flapjack Corporation had 7,768 actual direct labor hours at an actual rate of $12.40 per hour. Original production had been budgeted for 1,100 units, but only 965 units were actually produced. Labor standards were 8.0 hours per completed unit at a standard rate of $13.20 per hour. The labor rate variance is $6,214.40 unfavorable $6,214.40 favorable $1,003.00 unfavorable $1,003.00 favorable