Crane Paints manufactures artist's oil paints. Each 40 ml tube of paint requires 5 minutes of direct labor, and the standard labor rate is $7.90 per direct labor hour. In September, Crane incurred 10,940 direct labor hours at a cost of $86,852 to produce 127,000 tubes of paint. Calculate Crane's direct labor rate variance for September. (Round intermediate calculations to 5 decimal places, e.g. 1.24638 and final answer to O decimal places, e.g. 5,275.) Direct labor rate variance $

Crane Paints manufactures artist's oil paints. Each 40 ml tube of paint requires 5 minutes of direct labor, and the standard labor rate is $7.90 per direct labor hour. In September, Crane incurred 10,940 direct labor hours at a cost of $86,852 to produce 127,000 tubes of paint. Calculate Crane's direct labor rate variance for September. (Round intermediate calculations to 5 decimal places, e.g. 1.24638 and final answer to O decimal places, e.g. 5,275.) Direct labor rate variance $

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Description: Crane Paints manufactures artist's oil paints. Each 40 ml tube of paint requires 5 minutes of direct labor, and the standard labor rate is$7.90 per direct labor hour. In September, Crane incurred 10,940 direct labor hours at a cost of $86,852 to pro

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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