Red River Corporation reports the following standards for direct labor for the year:
Standard cost per hour $18.50
Standard quantity per finished good 2.5 hours
During the year,180,000 finished goods were produced.The direct labor efficiency variance was $38,850 favorable.The direct labor flexible budget variance was $700 favorable.
Calculate the following items regarding direct labor for Red River Corporation for the year:
A.Direct labor price variance
B.Standard quantity of direct labor for actual production
C.Actual hours of direct labor incurred for actual production

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The Answer of  Red River Corporation reports the following standards for direct labor for the year:
Standard cost per hour $18.50
Standard quantity per finished good 2.5 hours
During the year,180,000 finished goods were produced.The direct labor efficiency variance was $38,850 favorable.The direct labor flexible budget variance was $700 favorable.
Calculate the following items regarding direct labor for Red River Corporation for the year:
A.Direct labor price variance
B.Standard quantity of direct labor for actual production
C.Actual hours of direct labor incurred for actual production

Red River Corporation Reports the Following Standards for Direct Labor