DIRECT LABOR VARIANCE ANALYSIS ON PRODUCTION OF SHIRTS: Information Standard Actual Direct material price per yard
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Question:
DIRECT LABOR VARIANCE ANALYSIS ON PRODUCTION OF SHIRTS:
Information | ||
Standard | Actual | |
Direct material price per yard | $5.00 | $5.20 |
Direct material quantity (yards) | 1,000 | 990 |
Direct labor rate per hour | $10.00 | $9.75 |
Direct labor hours | 1,750 | 1,700 |
Units produced | 2000 | 1990 |
Calculate the Direct Labor Time Variance (select from each drop down box):
Direct Labor TIME VARIANCE Calculation | ||||
(Fav)/Unfav | ||||
Actual DL hours | Choose...9901,7002,0001,9901,0001,750 | |||
- Standard DL hours | -Choose...9901,7002,0001,9901,0001,750 | |||
DL hours difference | 10(50)50(10) | Choose...UnfavorableFavorable | ||
x Standard DL rate per hour | x$Choose...5.2010.009.755.00 | |||
—— | ||||
Total Direct Labor TIME VARIANCE | $Choose...500198(425)(500)425(200)200(198) | Choose...UnfavorableFavorable |
Related Book For
Management Accounting Information for Decision-Making and Strategy Execution
ISBN: 978-0137024971
6th Edition
Authors: Anthony A. Atkinson, Robert S. Kaplan, Ella Mae Matsumura, S. Mark Young
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