Use this information for Taylor Company to answer the questions that follow.

The following data are given for Taylor Company:

Overhead is applied based on standard labor hours.

-Standard and actual costs for direct labor for the manufacture of 1,000 units of product were as follows:
Actual costs950 hours at $37
Standard costs975 hours at $36?
Determine the direct labor (a) time variance, (b) rate variance, and (c) total direct labor cost variance.

Question

Use this information for Taylor Company to answer the questions that follow.
​
The following data are given for Taylor Company:
​
  Overhead is applied based on standard labor hours.
​
-Standard and actual costs for direct labor for the manufacture of 1,000 units of product were as follows:
Actual costs950 hours at $37
Standard costs975 hours at $36?
Determine the direct labor  (a) time variance,  (b) rate variance, and  (c) total direct labor cost variance.

Quizplus · Accepted Answer

The Answer of Use this information for Taylor Company to answer the questions that follow.
​
The following data are given for Taylor Company:
​
  Overhead is applied based on standard labor hours.
​
-Standard and actual costs for direct labor for the manufacture of 1,000 units of product were as follows:
Actual costs950 hours at $37
Standard costs975 hours at $36?
Determine the direct labor  (a) time variance,  (b) rate variance, and  (c) total direct labor cost variance.

Use This Information for Taylor Company to Answer the Questions