The following data relate to direct labor costs for February: Actual costs 7,700 hours at $14...

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Question

The following data relate to direct labor costs for February: Actual costs 7,700 hours at $14...

The following data relate to direct labor costs for February:

Actual costs	7,700 hours at $14
Standard costs	7,000 hours at $15

What is the direct labor rate variance?

Group of answer choices

$7,700 favorable

$7,000 favorable

$7,700 unfavorable

$7,000 unfavorable

business accounting

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Answer 1

Answer #1

Answer : $ $7,700 Favorable

Direct Labor Rate Variance = ( Standard Rate - Actual Rate) * Actual Hours

Direct Labor Rate Variance = (15-14)*7700 = $7,700 Favorable (Answer)

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Answer 2

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