Tippi Company produces lamps that require 2.25 standard hours per unit at an hourly rate of $15 per hour. If 7,700 units required 17,550 hours at an hourly rate of $15.20 per hour, what is the direct labor:

(Enter all amounts as positive numbers.)

(a) Rate variance :	$	-Select-Favorable Unfavorable Item 2
(b) Time variance :	$	-Select-Favorable Unfavorable Item 4
(c) Cost variance :	$	-Select-Favorable Unfavorable Item 6

Answer rating: 100% (QA)

Answer a Direct Labor Rate Variance Standard Cost per hour Actual Cost per hour X Actual No of Ho... View the full answer