Ask Question
2 June, 05:54

ImpressMe Products embosses notebooks with school and corporate logos. Last year, the company's direct labor payroll totaled $352,100 for 50,300 direct labor hours. The standard wage rate is $6.75 per direct labor hour. Calculate ImpressMe's direct labor rate variance. (Round answer to 0 decimal places, e. g. 125. If variance is zero, select "Not Applicable" and enter 0 for the amounts.)

+5
Answers (1)
  1. 2 June, 09:36
    0
    Direct labor rate variance = $12,575 unfavorable

    Explanation:

    Giving the following information:

    Last year, the company's direct labor payroll totaled $352,100 for 50,300 direct labor hours. The standard wage rate is $6.75 per direct labor hour.

    To calculate the direct labor rate variance, we need to use the following formula:

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

    Actual rate = 352,100/50,300 = $7 per hour

    Direct labor rate variance = (6.75 - 7) * 50,300

    Direct labor rate variance = $12,575 unfavorable
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “ImpressMe Products embosses notebooks with school and corporate logos. Last year, the company's direct labor payroll totaled $352,100 for ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers