Great Toy Company produces toys. Each toy is budgeted to require 1/2 hour of direct labor,...
Great Toy Company produces toys. Each toy is budgeted to require 1/2 hour of direct labor, and direct labor is budgeted to cost $7.50 per hour. In November, Great Toy Co. planned to sell 6,000 toys, but only 5,000 toys were actually sold. Actual direct labor costs were $21,600 for the actual 2,700 hours worked. What is the master budget variance for direct labor?
A.
$2,850 F
B.
$ 900 F
C.
$2,850 U
D.
$3,750 F
E.
$3,750 U
Homework Answers
Budget variance = Actual - Flexible
= 21,600 - (6,000*1/2*7.50)
= 21,600 - 22,500
= 900 F
Option A is the answer
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