Minmax Co.'s direct labor information for February is as follows: Direct labor hours worked (AQ) 37,000...
Minmax Co.'s direct labor information for February is as follows: Direct labor hours worked (AQ) 37,000 Standard direct labor hours for units manufactured (SQ) 38,000 Unfavorable direct labor rate variance $ 11,100 Total payroll for direct labor $ 547,600 The total direct labor flexible-budget variance in February, to the nearest dollar, was:
Homework Answers
| Actual direct labor rate = Total payroll for direct labor / Direct labor hours worked (AQ) = 547600 / 37000 | 14.80 |
| Unfavorable variance is written as positive value. | |
| Unfavorable direct labor rate variance = ( Actual rate - Standard rate ) * Actual hours | |
| 11100 = ( 14.80 - Standard rate ) * 37000 | |
| 11100 / 37000 = 14.80 - Standard rate | |
| 0.30 = 14.80 - Standard rate | |
| Standard rate = 14.80 - 0.30 | 14.50 |
| Total direct labor flexible budget variance = ( Actual rate * Actual hours ) - ( Standard rate * Standard hours ) = ( 14.80 * 37000 ) - ( 14.50 * 38000 ) | 3400 | F |
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