Japan Company produces lamps that require 2 standard hours per unit at an hourly rate of $16.70 per hour. Production of 5,200 units required 10,710 hours at an hourly rate of $16.20 per hour. Enter favorable variances as negative numbers. (a) Determine the direct labor rate variance. (b) Determine the direct labor time variance. $4 (c) Determine the cost variance. $

Question
Japan Company produces lamps that require 2 standard hours per unit at an hourly rate of $16.70 per hour. Production of 5,200
units required 10,710 hours at an hourly rate of $16.20 per hour. Enter favorable variances as negative numbers.
(a) Determine the direct labor rate variance.
(b) Determine the direct labor time variance.
$4
(c) Determine the cost variance.
$
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Variance Analysis

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Transcribed Image Text

Japan Company produces lamps that require 2 standard hours per unit at an hourly rate of $16.70 per hour. Production of 5,200 units required 10,710 hours at an hourly rate of $16.20 per hour. Enter favorable variances as negative numbers. (a) Determine the direct labor rate variance. (b) Determine the direct labor time variance. $4 (c) Determine the cost variance. $