Neighborhood Farming LLC. manufactures frozen vegetables and provided the following information related to their direct labor costs: Info Regarding Direct Labor Costs Data Rate Hour Standard $15.60 0.80 Actual $17.00 0.60 Actual production was 6,000 units of packaged vegetables while the planned production was 5,000 units. Determine the direct labor rate variance. Group of answer choices -$5,040 favorable $5,040 unfavorable -$11,400 favorable $11,400 unfavorable
Neighborhood Farming LLC. manufactures frozen vegetables and provided the following information related to their direct labor costs: Info Regarding Direct Labor Costs Data Rate Hour Standard $15.60 0.80 Actual $17.00 0.60 Actual production was 6,000 units of packaged vegetables while the planned production was 5,000 units. Determine the direct labor rate variance. Group of answer choices -$5,040 favorable $5,040 unfavorable -$11,400 favorable $11,400 unfavorable
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Neighborhood Farming LLC. manufactures frozen vegetables and provided the following information related to their direct labor costs:
Info Regarding Direct Labor Costs| Data | Rate | Hour |
|---|---|---|
| Standard | $15.60 | 0.80 |
| Actual | $17.00 | 0.60 |
Actual production was 6,000 units of packaged vegetables while the planned production was 5,000 units.
Determine the direct labor rate variance.
Group of answer choices
-$5,040 favorable
$5,040 unfavorable
-$11,400 favorable
$11,400 unfavorable
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