Study collection by hana fenta
2. Given Standard costs per unit of Solartronic mowers are as follows: Direct materials, one set per unit @ $150 per set; Direct labor, 10 hours @ $12 per hour; Factory overhead; variable,$ 68 per unit, fixed, $ 8000. Units produced are 200. Actual costs for 200 units produced are as follows: Direct materials, 210 sets @ $ 140 each; Direct labor, 2,030 hours @ $ 12.10 per hours; Factory overhead: Variable, $ 14,000 Required: A. Calculate the total variance and label it as favorable or unfavorable B. Calculate: i. Direct labor variance ii. Direct labor time variance iii. Direct labor rate variance iv. Factory overhead variance
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