The following data relate to labor cost for production of 5,000 cellular telephones: Actual: 3,360 hrs. at $15.9 Standard: 3,310 hrs. at $16.2 a. Determine the direct labor rate variance, direct labor time variance, and total direct labor cost variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Rate variance Sfill in the blank 1 FavorableUnfavorable Time variance Sfill in the blank 3 FavorableUnfavorable Total direct labor cost variance

The following data relate to labor cost for production of 5,000 cellular telephones: Actual: 3,360 hrs. at $15.9 Standard: 3,310 hrs. at $16.2 a. Determine the direct labor rate variance, direct labor time variance, and total direct labor cost variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Rate variance Sfill in the blank 1 FavorableUnfavorable Time variance Sfill in the blank 3 FavorableUnfavorable Total direct labor cost variance

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter8: Standard Costs And Variances

Section: Chapter Questions

Problem 8PA: Breakaway Companys labor information for May is as follows: A. What is the actual direct labor rate...

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