Multiple Choice
A job was budgeted to require 3 hours of labor per unit at $8.00 per hour. The job consisted of 8,000 units and was completed in 22,000 hours at a total labor cost of $198,000.
-What is the total labor cost variance?
A) $9,000 unfavorable.
B) $2,000 unfavorable.
C) $8,000 unfavorable.
D) $6,000 unfavorable.
E) $3,000 unfavorable.
Correct Answer:
Verified
Correct Answer:
Verified
Q78: The following information describes a company's
Q79: When recording the journal entry for labor,
Q80: The difference between the total actual overhead
Q81: A company's flexible budget for 12,000 units
Q82: Milltown Company specializes in selling used cars.
Q84: A budget based on several different levels
Q85: A favorable direct materials price variance might
Q86: A flexible budget may be prepared:<br>A) Only
Q87: Flexible budgets may be prepared before or
Q88: Define standard costs. How do they assist