The Ticktock Corporation produces clocks. According to company standards, it should take 22 hours of direct...
The Ticktock Corporation produces clocks. According to company standards, it should take
22
hours of direct labor to produce a clock. Ticktock's standard labor cost is
$ 12.00$12.00
per hour. During June, Ticktock produced
5 comma 9005,900
stopwatches and used
13 comma 80013,800
hours of direct labor at a total cost of
$ 234 comma 600$234,600.
What is Ticktock's direct labor rate variance for June?
A.
$ 69 comma 000$69,000
unfavorable
B.
$ 2 comma 000$2,000
favorable
C.
$ 69 comma 000$69,000
favorable
D.
$ 2 comma 000$2,000
unfavorable
Homework Answers
A. $69,000 unfavorable
Direct labor rate variance = (Actual rate per hour - Standard rate per hour) × Actual hours
Direct labor rate variance = [($234,600/13,800) - $12] × 13,800
Direct labor rate variance = $69,000 U
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The Ticktock Corporation produces clocks. According to company
standards, it should take
22
hours of direct...
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