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The Fellowes Company has developed standards for direct labor. During June, 80 units were scheduled and 105 were produced. Data related to direct labor are: Standard hours allowed Standard wages allowed Actual direct labor 2 hours per unit $ 5.00 per hour 240 hours (total cost $1,176) What is the direct labor rate variance for June? Multiple Choice $24 unfavorable $21 favorable $24 favorable $21 unfavorable

The Fellowes Company has developed standards for direct labor. During June, 80 units were scheduled and 105 were produced. Data related to direct labor are: Standard hours allowed Standard wages allowed Actual direct labor 2 hours per unit $ 5.00 per hour 240 hours (total cost $1,176) What is the direct labor rate variance for June? Multiple Choice $24 unfavorable $21 favorable $24 favorable $21 unfavorable

Principles of Accounting Volume 2
Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter8: Standard Costs And Variances
Section: Chapter Questions
Problem 7PB: Marymount Company makes one product. In the month of April, it made 3,500 units. Workers were paid...
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The Fellowes Company has developed standards for direct labor. During June, 80 units were scheduled and 105 were produced. Data related to direct labor are: Standard hours allowed Standard wages allowed Actual direct labor 2 hours per unit $ 5.00 per hour 240 hours (total cost $1,176) What is the direct labor rate variance for June? Multiple Choice $24 unfavorable $21 favorable $24 favorable $21 unfavorable
The Fellowes Company has developed standards for direct labor. During June, 80 units were scheduled and 105 were produced. Data related to direct labor are: Standard hours allowed Standard wages allowed. Actual direct labor What is the direct labor rate variance for June? Multiple Choice $24 unfavorable $21 favorable $24 favorable $21 unfavorable 2 hours per unit. $5.00 per hour 240 hours (total cost $1,176)
Transcribed Image Text:The Fellowes Company has developed standards for direct labor. During June, 80 units were scheduled and 105 were produced. Data related to direct labor are: Standard hours allowed Standard wages allowed. Actual direct labor What is the direct labor rate variance for June? Multiple Choice $24 unfavorable $21 favorable $24 favorable $21 unfavorable 2 hours per unit. $5.00 per hour 240 hours (total cost $1,176)
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