Reference no: EM132527547
The following information describes a company's usage of direct labor in a recent period.
Question 1: The total direct labor cost variance is:
Actual hours used 46,000
Actual rate per hour $10.00
Standard rate per hour $9.50
Standard hours for units produced 50,000
Option 1: $38,000 favorable.
Option 2: $15,000 unfavorable.
Option 3: $23,000 unfavorable.
Option 4: $23,000 favorable.
Option 5: $15,000 favorable.
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