A company has the following information for the month of January: • Actual direct labor cost: $120,000 Actual direct labor hours worked: 15,000 hours ⚫ Standard direct labor rate: $8 per hour ⚫ Standard direct labor hours for the actual level of production: 14,500 hours Calculate the direct labor rate variance.

A company has the following information for the month of January: • Actual direct labor cost: $120,000 Actual direct labor hours worked: 15,000 hours ⚫ Standard direct labor rate: $8 per hour ⚫ Standard direct labor hours for the actual level of production: 14,500 hours Calculate the direct labor rate variance.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter8: Standard Costs And Variances

Section: Chapter Questions

Problem 7PB: Marymount Company makes one product. In the month of April, it made 3,500 units. Workers were paid...

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