Standard and actual costs for direct labor for the manufacture of 300 units of product were...

 

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Standard and actual costs for direct labor for the manufacture of 300 units of product were as follows: Actual costs 125 hours @ $54 Standard costs 131 hours @ $53 Determine the following: Enter favorable variances as negative numbers. a. Direct labor time variance b. Direct labor rate variance c. Total direct labor cost variance 67 Unfavorable Favorable Unfavorable Standard and actual costs for direct labor for the manufacture of 300 units of product were as follows: Actual costs 125 hours @ $54 Standard costs 131 hours @ $53 Determine the following: Enter favorable variances as negative numbers. a. Direct labor time variance b. Direct labor rate variance c. Total direct labor cost variance 67 Unfavorable Favorable Unfavorable