Goldman, Inc. manufactures lead crystal glasses. The standard direct labor time is 0.5 hours per glass,...
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Goldman, Inc. manufactures lead crystal glasses. The standard direct labor time is 0.5 hours per glass, at a cost of $17 per hour. The actual results for one month's production of 6,695 glasses were 0.6 hours per glass, at a cost of $18 per hour. Calculate the total direct labor spending variance for the month. Your answer should be to two decimal places. An unfavorable variance should be entered as a negative number while a favorable variance should be entered as a positive number. Goldman, Inc. manufactures lead crystal glasses. The standard direct labor time is 0.5 hours per glass, at a cost of $17 per hour. The actual results for one month's production of 6,695 glasses were 0.6 hours per glass, at a cost of $18 per hour. Calculate the total direct labor spending variance for the month. Your answer should be to two decimal places. An unfavorable variance should be entered as a negative number while a favorable variance should be entered as a positive number.
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Computation of Total Direct Labor Spending Variance D... View the full answer
Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133866292
5th edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
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