Use Nassau Digital Doorway to browse and select from thousands of adult, young adult, and juvenile fiction (i.e. romances, mysteries, science fiction, humor) and non-fiction (i.e. biography, health and fitness, politics, sports) titlesâincluding current best sellers and old classicsâin both audio and e-book formats.
The formula to compute direct materials price variance is to calculate the difference between a. actual costs - (actual quantity * standard price) b. actual cost + standard costs c. actual cost - standard costs d. (actual quantity * standard price) -standard costs ANS: A DIF: Moderate OBJ: 23-03 NAT: AACSB Analytic | IMA-Performance Measurement 51.
Notice that for the good output in February, the total actual labor costs amounted to $825 and the total standard cost of direct labor amounted to $800. This unfavorable difference of $25 agrees to the sum of the two labor variances:The direct labor efficiency variance could be called the direct labor quantity variance or usage variance.). Note that DenimWorks paid $9 per hour for labor when the standard rate is $10 per hour. This $1 differenceâmultiplied by the 50 actual hoursâresults in a $50 favorable direct labor rate variance.