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Direct Labor Variances The following data relate to labor cost for production of 4,700 cellular telephones: Actual: 3,170 hrs. at $15.30 Standard: 3, 120 hrs. at $15.60 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 Sfill in the blank 1 Time variance Sfill in the blank 3 Total direct labor cost variance Sfill in the blank 5 b. The employees may have been less-experienced workers who were paid less than more - experienced workers or poorly trained, thereby resulting in a labor rate than planned. The lower level of experience or training may have resulted in efficient performance. Thus, the actual time required was than standard

Direct Labor Variances The following data relate to labor cost for production of 4,700 cellular telephones: Actual: 3,170 hrs. at $15.30 Standard: 3, 120 hrs. at $15.60 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 Sfill in the blank 1 Time variance Sfill in the blank 3 Total direct labor cost variance Sfill in the blank 5 b. The employees may have been less-experienced workers who were paid less than more - experienced workers or poorly trained, thereby resulting in a labor rate than planned. The lower level of experience or training may have resulted in efficient performance. Thus, the actual time required was than standard

Managerial Accounting
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter9: Evaluating Variances From Standard Costs
Section: Chapter Questions
Problem 8E: Direct labor variances The following data relate to labor cost for production of 20,000 cellular...
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Direct Labor Variances The following data relate to labor cost for production of 4,700 cellular telephones: Actual: 3,170 hrs. at $15.30 Standard: 3, 120 hrs. at $15.60 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 $fill in the blank 1 Time variance $fill in the blank 3 Total direct labor cost variance $fill in the blank 5 b. The employees may have been less - experienced workers who were paid less than more - experienced workers or poorly trained, thereby resulting in a labor rate than planned. The lower level of experience or training may have resulted in efficient performance. Thus, the actual time required was than standard
Transcribed Image Text:Direct Labor Variances The following data relate to labor cost for production of 4,700 cellular telephones: Actual: 3,170 hrs. at $15.30 Standard: 3, 120 hrs. at $15.60 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 $fill in the blank 1 Time variance $fill in the blank 3 Total direct labor cost variance $fill in the blank 5 b. The employees may have been less - experienced workers who were paid less than more - experienced workers or poorly trained, thereby resulting in a labor rate than planned. The lower level of experience or training may have resulted in efficient performance. Thus, the actual time required was than standard
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