Mike's Service Station performs oil changes for cars. Each oil change has a standard time of 0.4 direct labor hours. The standard direct labor hour rate is $ 19.00 per hour. Data relating to oil changes for the month of September follow: Actual number of oil changes performed 2 comma 400 Actual direct labor hours worked 900 Actual total direct labor cost $ 4 comma 500 What is the labor rate variance for September?

Direct labor rate variance= $12,600 favorable

Explanation:

Giving the following information:

The standard direct labor hour rate is $ 19.00 per hour.

Actual direct labor hours worked 900

Actual total direct labor cost $4,500

To calculate the direct labor rate variance, we need to use the following formula:

Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity

Actual rate= 4,500/900= $5

Direct labor rate variance= (19 - 5)*900

Direct labor rate variance= $12,600 favorable

c.

clarify customers’ doubts only when asked.

1) the stages a new product goes through from beginning to end, i.e., the stages that a product passes through from introduction through growth, maturity, and decline. 2) the time from initial research and development to the time at which sales and support of the product to customers are withdrawn. 3) the period of time during which a product can be produced and marketed profitably.

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