Total Labor Variance Tico Inc. produces plastic bottles. Each bottle has a standard labor requirement of 0.01 hours. During the month of April, 520,000 bottles were produced using 13,000 labor hours @ $10.50. The standard wage rate is $7.00 per hour. Required: Calculate the total variance for production labor for the month of April. Enter amounts as positive numbers. If required, round your answer to the nearest cent. $fill in the blank 1

Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter10: Standard Costing And Variance Analysis
Section: Chapter Questions
Problem 25BEA: Use the following information to complete Brief Exercises 10-25 and 10-26: Tico Inc. produces...
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Total Labor Variance

Tico Inc. produces plastic bottles. Each bottle has a standard labor requirement of 0.01 hours. During the month of April, 520,000 bottles were produced using 13,000 labor hours @ $10.50. The standard wage rate is $7.00 per hour.

Required:

Calculate the total variance for production labor for the month of April. Enter amounts as positive numbers. If required, round your answer to the nearest cent.
$fill in the blank 1

 

 

 
 

 

 

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