Accurate Tax Returns budgets two direct labor hours for every tax return that it prepares,at a standard cost of $34 an hour.During the most recent year,520 returns were completed with the labor cost totaling $18,000.The actual labor cost was $34.62 per hour during that period.The actual number of labor hours was 1200.What is the direct labor cost variance?
A) $320 F
B) $40,800 U
C) $744 U
D) $40,800 F

Question

Quizplus · Accepted Answer

Direct labor cost variance = (Actual cost - Standard cost) × Actual quantity 11ea8873_d539_9adb_bb89_27359f59f6d1_TB5026_00

Accurate Tax Returns Budgets Two Direct Labor Hours for Every