FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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The following data relate to labor cost for production of 3,300 cellular telephones:

Actual: 2,210 hrs. at $14.20
Standard: 2,180 hrs. at $14.40

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.

Line Item Description Amount Variance
Rate variance $fill in the blank 1  
 
Time variance $fill in the blank 3  
 
Total direct labor cost variance $fill in the blank 5  
 
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