The Russell Company provides the following standard cost data per unit of product: Direct material (3 gallons @ $6 per gallon) Direct labor (2 hours @$10 per hour) 18.00 20.00 During the period, the company produced and sold 22,000 units incurring the following costs: 68,000 gallons @ $5.90 per gallon Direct material Direct labor 45,500 hours @ $9.75 per hour The direct labor usage variance was: Multiple Choice $15,000 unfavorable. $15,000 favorable. $14,625 unfavorable. $14,625 favorable
The Russell Company provides the following standard cost data per unit of product: Direct material (3 gallons @ $6 per gallon) Direct labor (2 hours @$10 per hour) 18.00 20.00 During the period, the company produced and sold 22,000 units incurring the following costs: 68,000 gallons @ $5.90 per gallon Direct material Direct labor 45,500 hours @ $9.75 per hour The direct labor usage variance was: Multiple Choice $15,000 unfavorable. $15,000 favorable. $14,625 unfavorable. $14,625 favorable
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter2: Basic Cost Management Concepts
Section: Chapter Questions
Problem 23E: Orinder Company provided the following information for the last calendar year: During the year,...
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