Multiple Choice
The following data relate to direct labor costs for the current period:Standard costs7,500 hours at $11.70Actual costs6,000 hours at $12.00What is the direct labor time variance?
A) $18,000 favorable
B) $18,000 unfavorable
C) $17,550 unfavorable
D) $17,550 favorable
Correct Answer:

Verified
Correct Answer:
Verified
Q22: Financial reporting systems that are guided by
Q23: The direct labor time variance measures the
Q24: Tippi Company produces lamps that require 2.25
Q25: The principle of exceptions allows managers to
Q26: An unfavorable fixed factory overhead volume variance
Q28: The variable factory overhead controllable variance is<br>A)
Q29: Since the controllable variance measures the efficiency
Q30: If the standard to produce a given
Q31: If employees are given bonuses for exceeding
Q32: Standards are designed to evaluate price and