Compute the direct labor time variance

Assignment Help Accounting Basics

Reference no: EM131889758

Problem

The Joyner Corporation had 7,648 actual direct labor hours at an actual rate of $12.50 per hour. Original production had been budgeted for 1,100 units, but only 950 units were actually produced. Labor standards were 7.0 hours per completed unit at a standard rate of $13.24 per hour. Compute the direct labor time variance.

Reference no: EM131889758

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