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Find what is the direct labor cost variance

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Reference no: EM132590524

Question 1: Accurate Tax returns budgets two direct labor hours for every tax return that it prepares, at a standard cost of $32 an hour. During the most recent year, 550 returns were completed with the labor cost totaling $26,000. The actual labor cost was $47.27 per hour during that period. The actual number of labor hours was 1,200. What is the direct labor cost variance?

Option A. $18,324 U

Option B. $38,400 U

Option C. $8,400 F

Option D. $38,400 F

Reference no: EM132590524

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