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
Homework Answers
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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