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Social ScienceHello,Following is a partially completed performance report for a recent week for direct labor in the binding department of a book publisher. Original budgetFixed budgetActualBudget varianceDirect labor$5,880 $6,450 The original budget is based on the expectation that 10,080 books would be bound; the standard is 24 books per hour at a pay rate of $14 per hour. During the week, 10,680 books were actually bound. Employees worked 430 hours at an actual total cost of $6,450.Calculate the direct labor variance. ???thanks.
Hello,
Following is a partially completed performance report for a recent week for direct labor in the binding department of a book publisher.
| Original budget | Fixed budget | Actual | Budget variance | |
| Direct labor | $5,880 | $6,450 |
The original budget is based on the expectation that 10,080 books would be bound; the standard is 24 books per hour at a pay rate of $14 per hour. During the week, 10,680 books were actually bound. Employees worked 430 hours at an actual total cost of $6,450.
Calculate the direct labor variance. ???
thanks.
Expert Answer
Calculate the standard direct labor hours.
Calculate the actual rate per hour.
Calculate the direct labor rate ...
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Accounting
Cost Accounting
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