Purchase Solution

Raggs Corporation: Labor Rate Variance

Not what you're looking for?

Ask Custom Question

Raggs Corporation's standard wage rate is $12.40 per direct labor-hour (DLH) and according to the standards, each unit of output requires 3.9 DLHs. In April, 5,230 units were produced, the actual wage rate was $11.80 per DLH, and the actual hours were 24,170 DLHs. The Labor Rate Variance for April would be recorded as a:

credit of $14,502.

debit of $14,502.

debit of $14,202.

credit of $14,202.

Purchase this Solution
Solution Summary

This solution is comprised of a detailed explanation to answer what is the Labor Rate Variance for April.

Solution Preview

Raggs Corporation's standard wage rate is $12.40 per direct labor-hour (DLH) and according to the standards, each unit of output ...

Purchase this Solution
Free BrainMass Quizzes
Writing Business Plans

This quiz will test your understanding of how to write good business plans, the usual components of a good plan, purposes, terms, and writing style tips.

Organizational Behavior (OB)

The organizational behavior (OB) quiz will help you better understand organizational behavior through the lens of managers including workforce diversity.

Understanding Management

This quiz will help you understand the dimensions of employee diversity as well as how to manage a culturally diverse workforce.

SWOT

This quiz will test your understanding of the SWOT analysis, including terms, concepts, uses, advantages, and process.

Balance Sheet

The Fundamental Classified Balance Sheet. What to know to make it easy.

View More Free Quizzes
Related BrainMass Solutions

  • Mazzucco Corporation Labor Rate Variance

    208083 10-5 Mazzucco Corporation Labor Rate Variance Question 5: Mazzucco Corporation has provided the following data concerning its direct labor costs for September: Standard wage rate $13.30 per DLH Standard hours 5.5 DLHs per unit Actual wage

  • Accounting for Managers

    It computes Predetermined overhead rate, Labor rate variance, Labor Efficiency variance, Materials price variance & Materials quantity Variance

  • Labor Rate variance

    /topic/labor-rate-price-variance. 4.

  • Dinkel Manufacturing Corporation - Variances & Income Stat.

    Total materials variance $ Materials price variance $ Materials quantity variance $ Total labor variance $ Labor price variance $ Labor quantity variance $ Compute the total overhead variance $ Prepare an income statement for management

  • Missing Numbers

    Direct-material quantity variance.$6,000 U Direct-labor rate variance.......................$8,800 U Direct-labor efficiency variance.................2,800 F Variable-overhead spending variance........................$2,640U.......

  • Lavvy Candy Corporation

    direct labor rate/hour, SR = standard direct labor rate/hour d.

  • Labor Rate & Efficiency Variance

    the standard rate as well labor rate variance and labor efficiency variance.

  • Direct material/labor variances

    Rate variance=(Actual rate -standard rate)X Actual hours= $315.00 =(9.15-9) *2100 Unfavorable d. Direct-labor efficiency variance.

  • Overhead and Marketing Variances

    (ii) Overhead spending variance. (iii) Actual number of direct labor hours. (iv) Budgeted variable overhead rate per direct labor hour. (v) Overhead rate per direct labor hour. (vi) Overhead volume variance.

View More Related Solutions