Ask Question
BusinessBusiness
26 September, 21:52

Claire Company uses a standard costing system. The following information pertains to direct labor costs for February: Standard direct labor rate per hour $15.00 Actual direct labor rate per hour $13.50 Labor rate variance $18,000 F Actual output 1,000 units Standard hours allowed for actual production 10,000 hours What is the total labor variance for Claire Company

+2
Answers (1)
  1. 26 September, 22:15
    0
    The answer is 12,000

    Explanation:

    Solution

    Given that:

    The labor rate variance = (SR-AR) * AH

    Now,

    (15-13.50) * AH = 18,000

    so,

    AH = 18000/1.50

    Gives us,

    =12,000

    The total labor variance is = The standard labor cost - The actual labor costs.

    = (10000 * 15) - (12,000 * 13.50)

    =150,000 - 162,000

    = 12,000 U

    Therefore the total labor variance Claire Company is 12,000
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Claire Company uses a standard costing system. The following information pertains to direct labor costs for February: Standard direct labor ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
What is a quota? A. A quota is the same thing as a voluntary export restraint. B. A numerical limit a government imposes on the quantity of a good that can be imported into a country. C.
Answers (1)
As competition increases, prices a. usually increase as well b. are not affected so will usually not change c. usually will decrease d. There is no way to predict what will happen to prices due to competition.
Answers (1)
Motorcycle Manufacturers, Inc., projected sales of 54,500 machines for the year. The estimated January 1 inventory is 6,860 units, and the desired December 31 inventory is 7,420 units. The budgeted production for the year is ___.
Answers (1)
If a country imposes a tariff on imported shoes, we expect the domestic price of shoes to ... And the quantity of shoes consumed in the domestic market to ... a.) Fall; rise b.) Fall; fall c.) Rise; fall d.) Rise; rise
Answers (1)
Just before Johnson Laboratories opened for business, Howard Johnson, the owner, had the following assets and liabilities.
Answers (1)
New Questions in Business
You observe a portfolio for five years and determine that its average return is 12.5 % and the standard deviation of its returns in 19.5 %. Would a 30% loss next year be outside the 95% confidence interval for this portfolio?
Answers (1)
Pronghorn Company's income statement for the year ended December 31, 2020, contained the following condensed information.
Answers (1)
Why would firms that rely heavily on credit sales find factoring attractive?
Answers (1)
Many cooks view butter and margarine to be substitutes. if the price of butter rises, then in the market for margarine:
Answers (1)
Last year, Richmon Company produced 10,000 units and sold 6,000 units at a price of $20. Costs for the last year were as follows: Direct materials $30,000 Direct labor 38,000 Variable factory overhead 8,000 Fixed factory overhead 40,000 Variable
Answers (1)
Home » Business » Claire Company uses a standard costing system. The following information pertains to direct labor costs for February: Standard direct labor rate per hour $15.00 Actual direct labor rate per hour $13.
Sign Up Forgot Password?