Standard and actual costs for direct labor for the manufacture of 1,000 units of product were as follows:
Actual costs: 950 hours at $37
Standard costs: 975 hours at $36
Determine the direct labor:
(a) time variance
(b) rate variance
(c) total direct labor cost variance.

Question

Standard and actual costs for direct labor for the manufacture of 1,000 units of product were as follows: 
Actual costs: 950 hours at $37 
Standard costs: 975 hours at $36 
Determine the direct labor: 
(a) time variance
(b) rate variance
(c) total direct labor cost variance.

Quizplus · Accepted Answer

The Answer of Standard and actual costs for direct labor for the manufacture of 1,000 units of product were as follows: 
Actual costs: 950 hours at $37 
Standard costs: 975 hours at $36 
Determine the direct labor: 
(a) time variance
(b) rate variance
(c) total direct labor cost variance.

Standard and Actual Costs for Direct Labor for the Manufacture