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FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Question
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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