Homework Answers
Answer : A = $ 9280. Favorable
Direct labor time variance = ( Standard hours - Actual hours ) * Standard Rate.
Direct labor time variance = ( 7100 - 6300 ) * $ 11.60 = $ 9280 Favorable
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1) 2) 3) 4) 5) A favorable cost variance occurs when Oa. actual costs are the...
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A favorable cost variance occurs when Oa. actual costs are the same as standard costs Ob. actual costs are more than standard costs Oc. standard costs are more than actual costs Od. standard costs are less than actual costs The Flapjack Corporation had 8,042 actual direct labor hours at an actual rate of $12.00 per hour. Original production had been budgeted for 1,100 units, but only 999 units were actually produced. Labor standards were 7.9...
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A favorable cost variance occurs when Oa. actual costs are the same as standard costs Ob. actual costs are more than standard costs Oc. standard costs are more than actual costs Od. standard costs are less than actual costs The Flapjack Corporation had 8,042 actual direct labor hours at an actual rate of $12.00 per hour. Original production had been budgeted for 1,100 units, but only 999 units were actually produced. Labor standards were 7.9...
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