Refer to the information provided for Answer Corporation.The amount of the direct labor time variance is:

Name: Refer to the information provided for Answer Corporation.The amount of the direct labor time variance is:
Brand: Quizplus
Rating: 4.8 (54 reviews)

Question

Quizplus · Accepted Answer

The direct labor time variance is calculated as (Actual hours - Standard hours) x Standard rate. In this case, the actual hours are 600, the standard hours are 570, and the standard rate is $2. Therefore, the direct labor time variance is (600 - 570) x $2 = $1,200 favorable.

Refer to the Information Provided for Answer Corporation