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Find rate variance-time variance-total direct labor variance

The following data relate to labor cost for production of 12,500 cellular telephones:

Actual: 13,600 hours at $16.15 $219,640
Standard: 13,725 hours at $16.00 $219,600

a. Determine the rate variance, time variance, and total direct labor variance.

b. Discuss what might have caused these variances.

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Finance Basics: Find rate variance-time variance-total direct labor variance

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Solution Preview :

Prepared by a verified Expert

Finance Basics: Find rate variance-time variance-total direct labor variance

Reference No:- TGS0673517

Have a Question? (oR Write a Review)

Recent Questions Asked Finance Basics

Q : What are the nonfinancial factors in this decision

Q : Describe the formula for one turnover ratio

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Solution Preview :

Prepared by a verified Expert

Finance Basics: Find rate variance-time variance-total direct labor variance

Reference No:- TGS0673517

Recent Questions Asked Finance Basics

Q : What are the nonfinancial factors in this decision

Q : Describe the formula for one turnover ratio

Q : Equity ownership restrictions

Q : Pricing-to-market phenomenon

Q : Find rate variance-time variance-total direct labor variance

Q : Ongoing debate to overrule roe versus wade

Q : What are the qualitative factors in this decision

Q : Calculate activity rates for each activity cost

Q : Question regarding the fra worth

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