Question
  1. Peking Palace Company reported the following:

Standard hours per unit

2.5 hours

Standard rate per hour

$16.00

Actual hours used

12,560

Actual rate per hour

$15.50

Number of units produced

4,900

 

What is the direct labor time variance?

a.$(4,805) favorable

b.$(4,960) favorable

c.$4,805 unfavorable

d.$4,960 unfavorable

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Variance Analysis

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