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,540 returns were completed with the labor cost totaling $26,000.The actual labor cost was $48.15 per hour during that period.The actual number of labor hours was 1,000.What is the direct labor cost variance?
A)$7,640 F
B)$34,000 U
C)$14,150 U
D)$34,000 F

Question

Quizplus · Accepted Answer

C)Direct labor cost variance = (Actual cost - Standard cost)× Actual quantity 11ea8a42_4fac_c9fd_8b44_69c119c9205e_TB5024_00

Accurate Tax Returns Budgets Two Direct Labor Hours for Every