Question: Accurate Tax Returns budgets two direct labor hours for every tax return that i t prepares, a t a standard cost o f $ 3

Accurate Tax Returns budgets two direct labor hours for every tax return that it prepares, at a standard cost of $30an hour. During the most recent year, 500 returns were completed with
the labor cost totaling $41,800. The actual labor cost was $38 per hour during that period. The actual number of labor hours was 1,100. What is the direct labor cost variance?
A. $4,000F
B. $4,000U
C. $8,800U
D. $26,800F
Accurate Tax Returns budgets two direct labor

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

A 5-m-long section of an air heating system of a house passes through an unheated space in the basement (Fig. 1-21). The cross section of the rectan- gular duct of the heating system is 20 cm x 25...

Q:

36.Accurate Tax Returns budgets two direct labor hours for every tax return that it prepares, at a standard cost of $ 30 an hour. During the most recent year, 520 returns were completed with the...

Q:

Accurate Tax Returns budgets two direct labor hours for every tax return that it prepares, at a standard cost of $32 an hour. During the most recent year, 800 returns were completed with the labor...

Q:

Accurate Tax Returns budgets two direct labor hours for every tax return that it prepares, at a standard cost of $32 an hour. During the most recent year, 800 returns were completed with the labor...

Q:

Accurate Tax Returns budgets two direct labor hours for every tax return that it prepares, at a standard cost of $ 3 4 an hour. During the most recent year, 5 4 0 returns were completed with the...

Q:

Accurate Tax Returns budgets two direct labor hours for every tax return that it prepares, at a standard cost of $ 3 0 $ 3 0 an hour. During the most recent year, 5 2 0 5 2 0 returns were completed...

Q:

Accurate Tax returns budgets two direct labor hours for every tax return that it prepares, at a standard cost of $32 an hour. During the most recent year, 550 returns were completed with the labor...

Q:

Accurate Tax Returns budgets two direct labor hours for every tax return that it prepares, at a standard cost of $30 an hour. During the most recent year, 540 returns were completed with the labor...

Q:

Accurate Tax Returns budgets two direct labor hours for every tax return that it prepares, at a standard cost of $34 an hour. During the most recent year, 520 returns were completed with the labor...

Q:

Accurate Tax Returns budgets two direct labor hours for every tax return that it prepares, at a standard cost of $ 30.00 an hour. During the most recent year, 500 returns were completed with the...

Q:

Accurate Tax Returns budgets two direct labor hours for every tax return that it prepares at a standard cost of $30 an hour During the most recent year, 530 returns were completed with the labor cost...

Q:

John is a management consultant by profession, and he works as a freelance consultant for 3 prominent corporations in British Columbia. Following are some personal details of John Deacon 1. Full Name...

Q:

A survey was conducted in two Virginia cities to determine voter sentiment for two gubernatorial candidates in an upcoming election. Five hundred voters were randomly selected from each city and the...

Q:

oday is your first day on the job at The Second Trust of Moose Jaw ( STMJ ) and you have been assigned to the bond trading department. No sooner have you found your desk than your supervisor emails...

Q:

Hugo decides to buy his Christmas gifts on Black Friday. To simplify his life, he is giving his 10 closest friends scarves for Christmas and everyone else Christmas cards. Hugo is willing to pay up...