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Alenkinab [10]
3 years ago
9

The following data relate to direct labor costs for the current period: Standard costs 7,000 hours at $11.40 Actual costs 6,400

hours at $10.10 What is the direct labor rate variance
Business
1 answer:
Anna35 [415]3 years ago
8 0

Answer:

Direct labor rate variance= $8,320 favorable

Explanation:

Giving the following information:

Standard costs 7,000 hours at $11.40 Actual costs 6,400 hours at $10.10

<u>To calculate the direct labor rate variance, we need to use the following formula:</u>

Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity

Direct labor rate variance= (11.4 - 10.1)*6,400

Direct labor rate variance= $8,320 favorable

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Explanation:

Business-to-business transactions are simply regarded as the transactions that takes place between one business and another business. This can occur when the business is looking for inputs for its production process.

Business-to-consumer transactions simply regarded as the transactions that takes place between a business and the customers. This occurs when a business sells its goods or services to the customers directly without the goods passing through the middlemen.

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3 years ago
One reason some manufacturing companies have moved production from overseas locations back to the United States is an increasing
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The key economic idea being exemplified is c) People are rational

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The correct answer to this open question is the following.

Here we do not have a question. Just a statement.

What is your question? What do you want to know?

However, trying to help you we can comment on the following.

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