Use the following data to find the total direct labor cost variance if the company produced...

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Use the following data to find the total direct labor cost variance if the company produced...

Use the following data to find the total direct labor cost variance if the company produced 3,500 units during the period. Direct labor standard (4.00 hrs. @ $7.05/hr.) $ 28.20 per unit Actual hours worked 12,200 Actual rate per hour $ 7.60

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Answer 1

Answer #1

Answer Direct Labor Cost Variance = (Actual Hours x Actual Rate)-(Standar d Hours x Standard Rate) = (12,200 x $7.60)-(14,000 x $7.05) $92,720 $98,700 = $5,980 F ** Standard Hours 3,500 x 4 hours = 14,000 Hours

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