In producing product ZZ 14,800 direct labor hours were used at a rate of $8.20 per hour. The standard was 15,000 hours at $ 8.00 per hour. Based on these data the direct labor is a) Total variance is $1,380 unfavorable b) Efficiency variance is $3,000 favorable c) Total variance is $2,960 unfavorable d) Rate variance is $1,600 favorable
In producing product ZZ 14,800 direct labor hours were used at a rate of $8.20 per hour. The standard was 15,000 hours at $ 8.00 per hour. Based on these data the direct labor is a) Total variance is $1,380 unfavorable b) Efficiency variance is $3,000 favorable c) Total variance is $2,960 unfavorable d) Rate variance is $1,600 favorable
Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter23: Evaluating Variances From Standard Costs
Section: Chapter Questions
Problem 9DQ: At the end of the period, the factory overhead account has a credit balance of 10,000. (a) Is the...
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