a. Determine the rate variance , time variance , and total direct labor cost var

Question

a.  Determine the rate variance, time variance, and total direct labor cost variance. Use the minus sign to enter favorable variances as negative numbers.

Rate variance: $ Time variance: $ Total direct labor cost variance: $ The following data relate to labor cost for production of 5,500 cellular telephones: Actual: 3,450 hrs. at $16.40 $56,580 Standard: 3,390 hrs. at $16.70 $56,613 Determine the rate variance, time variance, and total direct labor cost variance. Use the minus sign to enter favorable variances as negative numbers.

Explanation / Answer

a.  Determine the rate variance, time variance, and total direct labor cost variance. Use the minus sign to enter favorable variances as negative numbers.

Rate variance:

$

Time variance:

$

Total direct labor cost variance:

$

Rate variance:

$

Time variance:

$

Total direct labor cost variance:

$

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