Test: Exam 4/Final Exam Time Remaining:( This Question: 1 pt 35 of 35 (4 complet

Question

Test: Exam 4/Final Exam Time Remaining:( This Question: 1 pt 35 of 35 (4 complete) This t 59,000 wer 3 The following information describes a company's usage of direct labor in a recent period Actual direct labor hours used variabl Actual rate per hour orporate Standard rate per hour ts are pr 30,000 $19.00 $10.75 26,500 Standard hours for units produced 600 How much is the direct labor rate variance? ve visited O A. $247,500 favorable CCT Ch B. S218.625 favorable tps:l/quizle OC. $247,500 unfavorable Fixed ? sts for Ta 500,000 itf ariable ou isited th O D. $218,625 unfavorable Chapter ttps://qu Process cos 3 500 gallon en Click to select your answer

Explanation / Answer

Answer:

Direct labor rate variance=$247,500 unfavorable

Working notes for the above answer is as under

Direct labor rate variance

=(actual hour x standard rate)- (actual hour x Actual rate)

=(30,000 x 10.75) - (30,000*19)

=322500-547000

=247,500 unfavorable

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