Madrid Company has a direct labor standard of 4 hours per unit of output, and a standard wage rate of $12.00 per hour. During February, Madrid Company paid $100,300 to employees for 9,180 hours worked, and 2,440 units were produced during that time. What is the direct labor rate variance? Note: Do not round your intermediate calculations.   Multiple Choice   $9,012 favorable   $6,960 unfavorable   $9,860 favorable   $16,820 favorable

Oxford Co. has a materials standard of 2.1 pounds per unit of output. Each pound has a standard price of $13 per pound. During February, Oxford Co. paid $57,700 for 4,910 pounds, which were used to produce 2,470 units. What is the direct materials price variance?   Multiple Choice   $6,130 unfavorable   $6,690 favorable   $6,690 unfavorable   $6,130 favorable

Delmar Incorporated uses a standard cost system. Labor standards are 2.00 hours per widget at $15.10 per hour. During August, Delmar Incorporated paid its workers $260,832 for 17,160 hours. Delmar Incorporated produced 8,780 widgets during August.   Required: Calculate the direct labor rate variance. Note: Do not round your intermediate calculations. Indicate the effect of variance by selecting "Favorable", "Unfavorable", or "None" for no effect (i.e., zero variance).   Calculate the direct labor efficiency variance. Note: Do not round your intermediate calculations. Indicate the effect of variance by selecting "Favorable", "Unfavorable", or "None" for no effect (i.e., zero variance).   Calculate the direct labor spending variance. Note: Do not round your intermediate calculations. Indicate the effect of variance by selecting "Favorable", "Unfavorable", or "None" for no effect (i.e., zero variance).

Can you show me how this is done?   Bailey’s standard labor cost of producing one unit of Product DD is 1.7 hours at a rate of $12.9 per hour. During August, 1,462 hours were incurred at a cost of $11.8 per hour to produce 1,257 units of Product DD.   Bailey’s direct labor rate variance is $__________   Indicate the amount and whether it is Favorable or Unfavorable by placing F or U by amount, do not skip a space and do not use $ in your answer. For example, if your answer is $1,000 favorable, answer 1000F   Selected Answer:  8.24 Correct Answer:  1,608 ± 1 (F)