The following data relate to direct labor costs for the current period: Standard costs 7,300 hours at $11.80 Actual costs 6,400 hours at $10.00 The direct labor time variance is a. $10,620 unfavorable b. $9,000 favorable c. $9,000 unfavorable d. $10,620 favorable

The following data relate to direct labor costs for the current period: Standard costs 7,300 hours at $11.80 Actual costs 6,400 hours at $10.00 The direct labor time variance is a. $10,620 unfavorable b. $9,000 favorable c. $9,000 unfavorable d. $10,620 favorable

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Description: The following data relate to direct labor costs for the current period:Standard costs7,300 hours at $11.80Actual costs6,400 hours at $10.00The direct labor time variance isa. $10,620 unfavorableb. $9,000 favorablec. $9,000 unfavorabled. $10,620 favo

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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