The standard costs and actual costs for direct labor in the manufacture of 2,500 units of...

Question

Question

The standard costs and actual costs for direct labor in the manufacture of 2,500 units of product are as follows:

The direct labor time variance is

a.$1,140 favorable

b.$1,180 unfavorable

c.$1,180 favorable

d.$1,140 unfavorable

Answer 1

Answer #1

Labor time variance

= (SH - AH) * SR

= (7500-7400)*11.80

= 1180 Favourable

Option C is the answer

Answer 2

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