Use the following data to find the total direct labor cost variance if the company produced...

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Use the following data to find the total direct labor cost variance if the company produced...

Use the following data to find the total direct labor cost variance if the company produced 3,500 units during the period.


Direct labor standard (4.00 hrs. @ $6.70/hr.)	$	26.80	per unit
Actual hours worked		12,300
Actual rate per hour	$	7.30

Multiple Choice

$4,010 favorable.
$12,300 favorable.
$4,010 unfavorable.
$8,400 favorable.
$8,400 unfavorable.

business accounting

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Answer 1

Answer #1

Answer

Correct Answer = Option #1: $ 4010 Favourable

Total Labor Cost Variance
(	Standard Cost = 3500 units x $ 26.8	-	Actual Cost = 12300 x 7.30	)
(	$ 93,800.00	-	$ 89,790.00	)
	4010
	Variance		$ 4,010.00		Favourable-F

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Answer 2

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