Solution-What was the direct labor cost variance

What was the direct labor cost variance

Reference no: EM132452136

Problem - The Ford Company developed the following standards for the manufacture of its product:

1. Each unit should have 4 pounds of direct materials purchased at $12 per pound.

2. Each unit should be produced in 3 hours at a direct labor cost of $18 per hour.

Actual production was 40,000 units using 162,800 pounds of direct materials at a total cost of $1,960,300 and required 109,400 direct labor hours at a total cost of $1,820,600. What was the direct labor "cost" variance?

Reference no: EM132452136

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What was the direct labor cost variance

Reference no: EM132452136

Reference no: EM132452136

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