Superior Corporation reports the following standards for direct labor for the year:
During the year, 35,000 finished goods were produced. The direct labor efficiency variance was $2,650 favorable. The direct labor flexible budget variance was $550 favorable.
Calculate the following items regarding direct labor for Superior Corporation for the year:
A. Direct labor rate variance
B. Standard hours of direct labor for actual production
C. Actual hours of direct labor incurred for actual production

Question

Superior Corporation reports the following standards for direct labor for the year:
  During the year, 35,000 finished goods were produced. The direct labor efficiency variance was $2,650 favorable. The direct labor flexible budget variance was $550 favorable.
Calculate the following items regarding direct labor for Superior Corporation for the year:
A. Direct labor rate variance
B. Standard hours of direct labor for actual production
C. Actual hours of direct labor incurred for actual production

Quizplus · Accepted Answer

The Answer of Superior Corporation reports the following standards for direct labor for the year:
  During the year, 35,000 finished goods were produced. The direct labor efficiency variance was $2,650 favorable. The direct labor flexible budget variance was $550 favorable.
Calculate the following items regarding direct labor for Superior Corporation for the year:
A. Direct labor rate variance
B. Standard hours of direct labor for actual production
C. Actual hours of direct labor incurred for actual production

Superior Corporation Reports the Following Standards for Direct Labor for the Year