Ribcos labor cost information for making its only product for March is as follows: A. What is
Question:
Ribco’s labor cost information for making its only product for March is as follows:
A. What is the direct labor rate variance?
B. What is the direct labor time variance?
C. What is the total direct labor variance?
Transcribed Image Text:
Standard hours per unit Budgeted units for the period Finished units for the period Standard rate per hour Actual labor costs incurred Actual rate paid per hour 1.25 12,000 10,000 40 $ $414,000 36 $ LA
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To calculate the direct labor variances we need to understand the formulas for each of them A Direct Labor Rate Variance The direct labor rate varianc...View the full answer
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Principles Of Accounting Volume 2 Managerial Accounting
ISBN: 9780357364802
1st Edition
Authors: OpenStax
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