Japan Company produces lamps that require 3 standard hours per unit at a standard hourly rate of $13.20 per hour. Production of 4,500 units required 13,230 hours at an hourly rate of $12.90 per hour. What is the direct labor (a) rate variance, (b) time variance, and (c) total cost variance? Enter favorable variances as negative numbers. a. Direct labor rate variance b. Direct labor time variance c. Total direct labor cost variance $ $
Japan Company produces lamps that require 3 standard hours per unit at a standard hourly rate of $13.20 per hour. Production of 4,500 units required 13,230 hours at an hourly rate of $12.90 per hour. What is the direct labor (a) rate variance, (b) time variance, and (c) total cost variance? Enter favorable variances as negative numbers. a. Direct labor rate variance b. Direct labor time variance c. Total direct labor cost variance $ $
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 1PB: Direct materials and direct labor variance analysis Lenni Clothing Co. manufactures clothing in a...
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