The standard costs and actual costs for direct labor in the manufacture of 2,500 units of...

Question

Question

The standard costs and actual costs for direct labor in the manufacture of 2,500 units of product are as follows:

The direct labor time variance is

a.$1,180 favorable

b.$1,140 favorable

c.$1,180 unfavorable

d.$1,140 unfavorable

Answer 1

Answer #1

Answer: Option A

Direct Labor Time Variance = (Standard hours - Actual hours) * Standard Rate

= (7,500 - 7,400) * $11.80

= 100 * $11.80

= $1,180 Favorable

As the actual hours are lesser than the standard hours, the variance will be favorable.

Answer 2

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