Solved: The joyner corporation produced 4000 units of product each, Accounting Basics

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The joyner corporation produced 4000 units of product each

Question - The Joyner Corporation produced 4,000 units of product. Each unit requires .5 standard hours. Standard labor rate is $12/hour. Actual Direct labor for the period was $22,000 (2,200 hours X $10/hour)

Compute the labor time variance

A. 200 hours unfavorable

B. $2,000 unfavorable

C. $4,000 favorable

D. $2,400 unfavorable

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Accounting Basics: The joyner corporation produced 4000 units of product each

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Accounting Basics: The joyner corporation produced 4000 units of product each

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