Exercise 23-10 During March 2017, Toby Tool & Die Company worked on four jobs. A review of direct labor costs reveals the following summary data. Actual Standard Job Number Hours Hours Total Variance A258 220 460 305 100 Costs $4,640 11,040 7,107 2.000 Coats $5,016 9,746 6,732 2,046 228 443 306 93 $176 1,294 U A260 Total variance Analysis reveals that Job A257 was a repeat job. Iob Ais was a rush order that required overtime work at premium rates of pay. Job A259 required a more experienced replacement worker on one shit Work on Job A200 was done for one day by a new trainee when a regular worker was absent Prepare a report for the plant supervisor on direct labor cost variances for March (Round quantity are actual rate standard rate and price variance to 2 decimal places, .10.50.) TOBY TOOL DIE COMPANY Direct Labor Variance Report Standard Quantity Standard Price Variance Click If you would like to show Work for this question Open Show Work
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