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A company uses the following standard costs to produce a single unit of output.
During the latest month,the company purchased and used 58,000 pounds of direct materials at a price of $1.00 per pound to produce 10,000 units of output.Direct labor costs for the month totaled $56,350 based on 4,900 direct labor hours worked.Variable manufacturing overhead costs incurred totaled $15,000 and fixed manufacturing overhead incurred was $10,400.
-Based on this information,the total direct labor cost variance for the month was:
Illustrating Data
The process of visually presenting data, often through charts, graphs, or diagrams, to help explain or understand patterns and relationships.
Pie Chart
A circular statistic graphic, which is divided into slices to illustrate numerical proportion. Each slice represents a category's contribution to the total.
Line Graph
A type of chart used to display information as a series of data points connected by straight line segments, often to show trends over time.
Cumulative Frequency
The sum of a class and all classes below it in a frequency distribution.
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