Direct labor total variance - How To Discuss
By Jessica Cortez |
Direct labor total variance,
Definition of Direct labor total variance:
The difference between the budgeted cost of a specific number of units and the actual cost that was incurred by producing those units. For example, if 1,000 units were budgeted to cost $15,000 ($15/unit) but actually cost $20,000 ($20/unit), the direct labor total variance would be $5,000 ($20,000 - $15,000).
Meaning of Direct labor total variance & Direct labor total variance Definition