Styles 3. 4. 5. 6 . 24) Kay Kay Inc established the following direct labor costs for one unit of Product D Standard hours 15 hours Standard rate $20 per hour Standard costs $30(15 hours@$20 per hour) During the month of June 20,000 direct labor hours were worked and 12,500 units of product D was manufactured. Total wages relating to direct labor in June were $405,000. What was the direct labor variance rate for June? a)$5,00 unfavorable b) $30,000 unfavorable c) 5,000 favorable d) $30,000 unfavorable
Styles 3. 4. 5. 6 . 24) Kay Kay Inc established the following direct labor costs for one unit of Product D Standard hours 15 hours Standard rate $20 per hour Standard costs $30(15 hours@$20 per hour) During the month of June 20,000 direct labor hours were worked and 12,500 units of product D was manufactured. Total wages relating to direct labor in June were $405,000. What was the direct labor variance rate for June? a)$5,00 unfavorable b) $30,000 unfavorable c) 5,000 favorable d) $30,000 unfavorable
Chapter8: Standard Costs And Variances
Section: Chapter Questions
Problem 7PA: Ellis Companys labor information for September is as follows: A. Compute the standard direct labor...
Related questions
Question
What is the answer for number 24?
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
Principles of Cost Accounting
Accounting
ISBN:
9781305087408
Author:
Edward J. Vanderbeck, Maria R. Mitchell
Publisher:
Cengage Learning
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
Principles of Cost Accounting
Accounting
ISBN:
9781305087408
Author:
Edward J. Vanderbeck, Maria R. Mitchell
Publisher:
Cengage Learning
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
Survey of Accounting (Accounting I)
Accounting
ISBN:
9781305961883
Author:
Carl Warren
Publisher:
Cengage Learning
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning