Question: Nearly done, just need some quick help! The two in italics are just for reference, please just answer the bold ones. Thanks! Baileys standard labor
Nearly done, just need some quick help! The two in italics are just for reference, please just answer the bold ones. Thanks!
Baileys standard labor cost of producing one unit of Product DD is 1.7 hours at a rate of $12.1 per hour. During August, 1,573 hours were incurred at a cost of $11.2 per hour to produce 1,087 units of Product DD.
Baileys direct labor rate variance is $__________
1573 x 12.1 - 1573 x 11.2 for answer of 1415.7F
Now, how does it work when the number comes out negative in the calculation?
Baileys standard labor cost of producing one unit of Product DD is 1.7 hours at a rate of $11.3 per hour. During August, 1,452 hours were incurred at a cost of $12.1 per hour to produce 1,111 units of Product DD.
Baileys DIRECT LABOR RATE VARIANCE is $__________
1452 x 11.3 - 1452 x 12.1 = 1161.6U??? This way it gets marked wrong.
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Baileys standard labor cost of producing one unit of Product DD is 1.6 hours at a rate of $11 per hour. During August, 2,609 hours were incurred at a cost of $12.4 per hour to produce 1,090 units of Product DD.
Baileys direct labor efficiency variance is $__________
2609 1090*1.6 is 865 x 11 for 9515U
Now, how does it work when the number comes out negative in the calculation?
Baileys standard labor cost of producing one unit of Product DD is 1.6 hours at a rate of $10.4 per hour. During August, 1,560 hours were incurred at a cost of $12.8 per hour to produce 1,261 units of Product DD.
Baileys DIRECT LABOR EFFICIENCY VARIANCE is $__________
1560 - 1261 x 1.6 = -457.6 x 10.4 for 4759.04F??? This way it gets marked wrong.
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