(Answered) Question - superior corporation reports the following

Accounting

Question - Superior Corporation reports the following standards for direct labor for the year:

Standard cost per hour $17.75

Standard quantity per finished good 2.0 hours

During the year, 35,000 finished goods were produced. The direct labor efficiency variance was $2,650 favorable. The direct labor flexible budget variance was $550 favorable.

Calculate the following items regarding direct labor for Superior Corporation for the year:

A. Direct labor rate variance

B. Standard hours of direct labor for actual production

C. Actual hours of direct labor incurred for actual production

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