FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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The following data relate to direct labor costs for the current
period:
Standard costs 36,000 hours at $22.00
Actual costs
35,000 hours at $23.00
What is the direct labor time variance?
a. $36,000 unfavorable
b. $35,000 unfavorable
c. $23,000 favorable
d. $22,000 favorable
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Transcribed Image Text:The following data relate to direct labor costs for the current period: Standard costs 36,000 hours at $22.00 Actual costs 35,000 hours at $23.00 What is the direct labor time variance? a. $36,000 unfavorable b. $35,000 unfavorable c. $23,000 favorable d. $22,000 favorable
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