Business, 28.05.2021 15:10 gamerdoesart

During March 2020, Toby Tool & Die Company worked on four jobs. A review of direct labor costs reveals the following summary data. Actual Standard
Job Number Hours Cost Hours Costs Totla variance
A257 210 $4,830 216 $4,968 $138 F
A258 480 12,000 464 10,672 1,328 U
A259 330 7,953 330 7,590 363 U
A260 110 2,310 102 2,346 36 F
Total variance $1,517 U

Analysis reveals that Job A257 was a repeat job. Job A258 was a rush order that required overtime work at premium rates of pay. Job A259 required a more experienced replacement worker on one shift. Work on Job A260 was done for one day by a new trainee when a regular worker was absent.

Required:
Prepare a report for the plant supervisor on direct labor cost variances for March.

Answers: 2

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During March 2020, Toby Tool & Die Company worked on four jobs. A review of direct labor costs r...