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    Financial and Managerial Accounting Study Set 11
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    Exam 23: Evaluating Variances From Standard Costs
  5. Question
    The Following Data Relate to Direct Labor Costs for February
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The Following Data Relate to Direct Labor Costs for February

Question 7

Question 7

Multiple Choice

The following data relate to direct labor costs for February:
Actual costs
7,700 hours at $14.00
Standard costs
7,000 hours at $16.00
-The direct labor time variance is


A) $7,700 favorable
B) $7,700 unfavorable
C) $11,200 unfavorable
D) $11,200 favorable

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