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    Managerial Accounting Study Set 7
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    Exam 7: Performance Evaluation Using Variances From Standard Costs
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    The Following Data Relate to Direct Labor Costs for August
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The Following Data Relate to Direct Labor Costs for August

Question 17

Question 17

Multiple Choice

The following data relate to direct labor costs for August: Actual costs: 5,500 hours at $24.00 per hour.Standard costs: 5,000 hours at $23.70 per hour. What is the direct labor time variance?


A) $1,650 favorable
B) $1,650 unfavorable
C) $1,500 favorable
D) $1,500 unfavorable

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