Calculate the labor spending variance


Question: Marblesla Marble Company has the following information available regarding its labor: Managers expected to pay $11 per direct labor hour, but ended up paying $10 per labor hour. Each unit produced should take 1 direct labor hour; actual total usage was 990 direct labor hours. Finally, the company planned to produce 1,000 units, but only produced 950. Calculate the labor spending variance.

 

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: Calculate the labor spending variance
Reference No:- TGS03426023

Expected delivery within 24 Hours