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Given the following information for direct labor: Standard Hours= 8
Given the following information for direct labor:
Standard Hours= 8.00
Actual Hours= 6.00
Standard Rate of Pay=$15.00/hr
Actual Rate of Pay= $17.00/hr
What is the DL Rate of Pay (or wage) Variance?
A. $12.00 Unfavorable
B. $12.00 Favorable
C. $16.00 Unfavorable
D. $16.00 Favorable
Expert Solution
Computation of DL Rate of Pay or (Wage) Variance:
DL Rate of Pay or (Wage) Variance = Standard Hours*(Standard Rate-Actual Rate)
= 8 * ($15 - $17)
= 8 * -$2
= -$16
So, DL Rate of Pay or (Wage) Variance is $16.00 Unfavorable. The correct option is C "$16.00 Unfavorable".
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