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Homework answers / question archive / Standard and actual costs for direct labor for the manufacture of 1,500 units of product were as follows:  Actual costs  Standard costs  450 hours @ $17

Standard and actual costs for direct labor for the manufacture of 1,500 units of product were as follows:  Actual costs  Standard costs  450 hours @ $17

Accounting

Standard and actual costs for direct labor for the manufacture of 1,500 units of product were as follows: 

Actual costs 
Standard costs 
450 hours @ $17.00 
455 hours @ $16.50 

Determine the (a) time variance, (b) rate variance, and (c) total direct labor cost variance. Round your answers to two 
decimal places. 
a. Time variance $[.._ 82.5 
b. Rate variance 
c. Total direct labor cost variance 


 

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b.)

Direct labor rate variance = standard cost of labor for actual hours worked - actual cost of labor for actual hours worked

= standard rate * actual hours - actual rate * actual hours

=16.50* 450- 17* 450

=  7,425- 7650

= -225 (unfavorable)

 

c.)

Total direct labor cost variance= Time variance+ Direct labor rate variance

= 82.5+ (-225)

= 142.5 Unfavorable

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