CBC Corporation produces clocks. According to company standards, it should take 2 hours of direct labor to produce a clock. The company's standard labor cost is $14 per hour. During June, the company produced 6,200 stopwatches and used 13,100 hours of direct labor at a total cost of $262,000. What is CBC's direct labor rate variance for June? O $78,600 unfavorable O $78,600 favorable O $700 favorable O $700 unfavorable

CBC Corporation produces clocks. According to company standards, it should take 2 hours of direct labor to produce a clock. The company's standard labor cost is $14 per hour. During June, the company produced 6,200 stopwatches and used 13,100 hours of direct labor at a total cost of $262,000. What is CBC's direct labor rate variance for June? O $78,600 unfavorable O $78,600 favorable O $700 favorable O $700 unfavorable

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Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter8: Standard Costs And Variances

Section: Chapter Questions

Problem 7PB: Marymount Company makes one product. In the month of April, it made 3,500 units. Workers were paid...

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