Multiple Choice
ToolTime has a standard of 2 hours of labor per unit, at $12 per hour. In producing 2,000 units, ToolTime used 3,850 hours of labor at a total cost of $46,970. ToolTime's total labor variance is
A) $770 U.
B) $800 U.
C) $1,030 F.
D) $1,930 F.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q17: A debit to the Overhead Volume Variance
Q82: Standard cost + price variance + quantity
Q127: Keller Company has a materials price standard
Q128: A company developed the following per unit
Q129: ToolTime has a standard of 2 hours
Q132: ToolTime has a standard of 1.5 pounds
Q133: The per-unit standards for direct materials are
Q134: The following information was taken from the
Q135: The per-unit standards for direct labor are
Q200: In concept standards and budgets are essentially