Marymount Company makes one product. In the month of April, it made 3,500 units. Workers were paid
Question:
Marymount Company makes one product. In the month of April, it made 3,500 units. Workers were paid $32 per hour for labor, for a total of $718,848. The standard hours per unit are 6.4, and the standard labor wage rate is $38.40 per hour.
A. What are the actual hours worked?
B. What are the standard hours for the units made?
C. What is the direct labor rate variance for April?
D. What is the direct labor time variance for April?
E. What is the total direct labor variance for April?
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Step by Step Answer:
To calculate the various variances related to direct labor we first need to understand the concepts and formulas for each variance Actual Hours Worked ...View the full answer
Answered By
Deepankur Keserwani
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Related Book For 
Principles Of Accounting Volume 2 Managerial Accounting
ISBN: 9780357364802
1st Edition
Authors: OpenStax
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