FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Flapjack Corporation had 8,000 actual direct labor hours at an actual rate of $12.12 per hour. Original production had been budgeted for 1,100 units, but only 1,000 units were actually produced. Labor standards were 7.2 hours per completed unit at a standard rate of $13.00 per hour.
Round your answer to the nearest cent.
The direct labor time variance is
a.$7,080.00 unfavorable
b.$7,080.00 favorable
c.$10,400.00 unfavorable
d.$10,400.00 favorable
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