Seaside Company produces picture frames. During the year 190,000 picture frames were produced. Materials and labor...
| Seaside Company produces picture frames. During the year 190,000 picture frames were produced. Materials and labor standards for producing the picture frames are as follows: | |
| Direct materials (2 pieces of wood @ $2.25) |
$4.50 |
| Direct labor (2 hours @ $10) |
$20.00 |
| Seaside purchased and used 400,000 pieces of wood at $2.00 each and its actual labor hours were 360,000 hours at a wage rate of $10.50. | |
Refer to Figure 10-5. What is Seaside's total labor variance?
|
$20,000 F |
||
|
$20,000 U |
||
|
$112,500 F |
||
|
$120,000 U |
Homework Answers
ANSWER IS $20,000 F
Total labor variance = standard cost - Actual cost
=(190,000*2*10)-(360,000*10.5)
= 20,000 F
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Seaside Company produces
picture frames. During the year 190,000 picture frames were
produced. Materials and labor...
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