The following data relate to labor cost for production of 3,300 cellular telephones: Actual: 2,230 hrs....
The following data relate to labor cost for production of 3,300 cellular telephones:
| Actual: | 2,230 hrs. at $14.90 | |
| Standard: | 2,190 hrs. at $15.10 |
a. Determine the direct labor rate variance, direct labor time variance, and total direct labor cost variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.
| Rate variance | $ | Favorable |
| Time variance | $ | Unfavorable |
| Total direct labor cost variance | $ | Unfavorable |
Homework Answers
|
Labor rate variance = (SR-AR) *AH = (15.40-14.90)*2230 = -446 Favourable |
|
|
Labor time variance = (SH-AH) * SR = (2190-2230)*15.40 = 604 Unfavorable |
|
|
Labor cost variance = 446F + 604U = 158 Unfavorable |
|
Labor rate variance = (SR-AR) *AH = (15.40-14.90)*2230 = -446 Favourable |
|
|
Labor time variance = (SH-AH) * SR = (2190-2230)*15.40 = 604 Unfavorable |
|
|
Labor cost variance = 446F + 604U = 158 Unfavorable |
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The following data relate to labor cost for production of 3,300
cellular telephones:
Actual:
2,230 hrs....
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