Reference no: EM132805882
The following data relate to direct labor costs for the current period:
Standard costs 7,100 hours at $11.30
Actual costs 6,000 hours at $10.80
Problem 1: The direct labor time variance is
a. $12,430 unfavorable
b. $11,880 favorable
c. $11,880 unfavorable
d. $12,430 favorable
Problem 2: Miller and Sons' static budget for 9,600 units of production includes $40,700 for direct materials, $51,100 for direct labor, variable utilities of $7,100, and supervisor salaries of $14,300. A flexible budget for 13,900 units of production would show. Round your final answer to the nearest dollar. Do not round interim calculations.
a. total variable costs of $113,200
b. the same cost structure in total
c. direct materials of $58,930, direct labor of $73,989, utilities of $10,280, and supervisor salaries of $14,300
d. direct materials of $58,930, direct labor of $73,989, utilities of $10,280, and supervisor salaries of $17,160
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