Japan Company produces lamps that require 3 standard hours per unit at a standard hourly rate of $20.80 per hour. Production of 7,000 units required 20,370 hours at an hourly rate of $21.20 per hour. What is the direct labor (a) rate variance, (b) time variance, and (c) total cost variance? Enter favorable variances as negative numbers. a. Direct labor rate variance b. Direct labor time variance c. Total direct labor cost variance $ $ $

Japan Company produces lamps that require 3 standard hours per unit at a standard hourly rate of $20.80 per hour. Production of 7,000 units required 20,370 hours at an hourly rate of $21.20 per hour. What is the direct labor (a) rate variance, (b) time variance, and (c) total cost variance? Enter favorable variances as negative numbers. a. Direct labor rate variance b. Direct labor time variance c. Total direct labor cost variance $ $ $

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter9: Evaluating Variances From Standard Costs

Section: Chapter Questions

Problem 8E: Direct labor variances The following data relate to labor cost for production of 20,000 cellular...

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