--/1 Question 9 View Policies Current Attempt in Progress Crane Company produces a product requiring 3 direct labor hours at $16.00 per hour. During January, 1800 products are produced using 6000 direct labor hours. Crane's actual payroll during January was $93600. What is the labor quantity variance? O $7200 U O $9600 U O $9600 F $2400 F hp 110 f9 f8 17 16 15 4+ 10

--/1 Question 9 View Policies Current Attempt in Progress Crane Company produces a product requiring 3 direct labor hours at $16.00 per hour. During January, 1800 products are produced using 6000 direct labor hours. Crane's actual payroll during January was $93600. What is the labor quantity variance? O $7200 U O $9600 U O $9600 F $2400 F hp 110 f9 f8 17 16 15 4+ 10

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter9: Evaluating Variances From Standard Costs

Section: Chapter Questions

Problem 4BE: Factory overhead volume variance Bellingham Company produced 15,000 units of product that required 4...

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Refer to Cornerstone Exercise 9.1. Guillermos Oil and Lube Company provided the following information for the production of oil changes during the month of June: Actual number of oil changes performed: 980 Actual number of direct labor hours worked: 386 hours Actual rate paid per direct labor hour: 14.50 Standard rate per direct labor hour: 14.00 Required: 1. Calculate the direct labor rate variance (LRV) and the direct labor efficiency variance (LEV) for June using the formula approach. 2. Calculate the direct labor rate variance (LRV) and the direct labor efficiency variance (LEV) for June using the graphical approach. 3. Calculate the total direct labor variance for oil changes for June. 4. What if the actual wage rate paid in June was 12.40? What impact would that have had on the direct labor rate variance (LRV)? On the direct labor efficiency variance (LEV)?
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