Questions 1 and 2 refer to the following information r 2016: 3.4 $13.90 5,590 un

Question

Questions 1 and 2 refer to the following information r 2016: 3.4 $13.90 5,590 units Budgeted labor hours per unit of product Budgeted hourly wage rate Budgeted production Actual labor hours per unit of product Actual hourly wage rate Actual production $14.00 4,450 units 1, what was the direct labor static budget for 2016 Suomit Answer Tries o/:2 2. What was the direct labor flexible budget variance for 2016 (a positive number means a favorable variance a negative number means an unfavorable variance)? Submit Answer Tries 0/2

Explanation / Answer

1 Direct labor static budget = 5590*3.4*13.9= 264183.4 or 264183 2 Flexible budget variance=(4450*3.4*13.9)-(4450*3*14)= 23407

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