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  • 25-03-2022
  • Business
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The fixed budget indicates direct labor costs of $27,500. Actual direct labor costs were $27,000. The variance is:

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abiolataiwo2015
abiolataiwo2015 abiolataiwo2015
  • 30-03-2022

Based on the information given the variance is $500 favorable.


Variance

Using this formula

Variance=Fixed Direct labor cost-Actual direct labor cost

Where:

Fixed Direct labor cost=$27,500

Actual direct labor cost=$27,000

Let plug in the formula

Variance=$27,500-$27,000

Variance=$500 favorable

Inconclusion  the variance is $500 favorable.

Learn more about variance here:https://brainly.com/question/25639778

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