Using the labor time standard of 0.5 labor hour per unit and a labor cost standard of $10 per labor hour for a 10 pound bag of chocolate and the following actual cost and usage data,compute the direct labor variance.
$\begin{array}{ll}
\text { Direct labor hours used } & 4,950 \text { hours } \
\text { Total cost of direct labor } & \$ 53,460 \
\text { Number of good units produced } & 9,000 \text { units }
\end{array}$

Question

Using the labor time standard of 0.5 labor hour per unit and a labor cost standard of $10 per labor hour for a 10 pound bag of chocolate and the following actual cost and usage data,compute the direct labor variance. 
$\begin{array}{ll}
\text { Direct labor hours used } & 4,950 \text { hours } \
\text { Total cost of direct labor } & \$ 53,460 \
\text { Number of good units produced } & 9,000 \text { units }
\end{array}$

Quizplus · Accepted Answer

The Answer of Using the labor time standard of 0.5 labor hour per unit and a labor cost standard of $10 per labor hour for a 10 pound bag of chocolate and the following actual cost and usage data,compute the direct labor variance. 
$\begin{array}{ll}
\text { Direct labor hours used } & 4,950 \text { hours } \
\text { Total cost of direct labor } & \$ 53,460 \
\text { Number of good units produced } & 9,000 \text { units }
\end{array}$

Using the Labor Time Standard of 0 A) $3,960 (F) B) $8,460 (U) C) $3,960 (U) D)

Using the Labor Time Standard of 0 A) $3,960 (F)
B) $8,460 (U)
C) $3,960 (U)
D)