The following data relate to direct labor costs for the current period: Standard costs 7,500 hours...

Question

Question

The following data relate to direct labor costs for the current period:

Standard costs	7,500 hours at $11.70
Actual costs	6,000 hours at $12.00

What is the direct labor time variance?

a.$18,000 unfavorable

b.$18,000 favorable

c.$17,550 unfavorable

d.$17,550 favorable

business accounting

Answer 1

Answer #1

Labor time variance

= (SH - AH) * SR

= (7500 - 6000) * 11.70

= 17550 F

Option D is the answer

Answer 2

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